#比特币 has continued to weaken since its October high, and retail investors are clearly becoming more cautious 😮💨! The number of non-empty wallets previously surged to a record 59.99 million, but over 100,000 wallets have since been emptied, bringing the total down to around 59.88 million. Many small-scale investors have chosen to close their positions or consolidate wallets.
It briefly approached the 80,000 mark at the start of the month, but quickly came under pressure and retreated. It is down about 14% from its 87,000 high, has fallen below all major moving averages, and the RSI is weak. For now, everyone is watching the 74,000–75,000 support zone, where there is some buying interest. If it holds, the first rebound target is around 78,000–80,000. However, retail enthusiasm has yet to return, the bulls have not regained the initiative, and the risk of choppy trading remains significant ⚠️#BTC
It briefly approached the 80,000 mark at the start of the month, but quickly came under pressure and retreated. It is down about 14% from its 87,000 high, has fallen below all major moving averages, and the RSI is weak. For now, everyone is watching the 74,000–75,000 support zone, where there is some buying interest. If it holds, the first rebound target is around 78,000–80,000. However, retail enthusiasm has yet to return, the bulls have not regained the initiative, and the risk of choppy trading remains significant ⚠️#BTC