#内容挖矿 According to the position data of the last 24 hours, although the price of BTC has fallen, surprisingly, its liquidity on the chain has not increased, but has declined significantly. This lackluster turnover sentiment is quite evident throughout the market.

As I mentioned before, current price levels have made it difficult to motivate investors to trade. The number of investors buying and selling decreased in the price range from $62,000 to $72,000. Early investors don’t seem to be in a hurry to leave the market, and they are more focused on the upcoming halving event. The halving is only a week away, and many investors are looking forward to a new round of rise in BTC prices after the halving. Especially during this cycle, many new investors have been attracted due to the passage of Bitcoin spot ETFs. These new investors are unlikely to give up their chips easily when faced with halving.

It is worth noting that most BTC are still in profit, and even for BTC that is losing money, investors have not shown too much willingness to reduce their holdings. They're just selling in small increments. The turnover rate of short-term investors who have recently bought is also declining. Yesterday's trading volume fell further compared to the previous three days, which is further evidence that investors are becoming less sensitive to current prices. As long as the price does not rise above previous highs, investor interest will struggle to recover. #BTC大饼减半， #SHIBA🚀