#内容挖矿 In the past two days, tensions between Iran and Israel have continued to intensify, putting heavy pressure on investors. This tension has had a significant impact on the cryptocurrency market, particularly the price of Bitcoin (BTC), causing it to remain volatile. At the same time, the U.S. stock market has also been hit hard. As of 2:30 a.m. Beijing time, the three major U.S. stock indexes had fallen by an average of 1% since the opening, with the Nasdaq falling by 1.6%.

Although the two sides have not yet escalated the conflict further, investors have begun to worry. As investors, it's human nature to assume the worst when faced with potential risks. Many investors are thinking whether the current decline of BTC is controlled by the "main force". From a data perspective, I don't think so.

In the last 24 hours, those early profit-making BTCs, that is, those with holding costs below $60,000, have not shown signs of large-scale withdrawals. The turnover rate is even lower than 10% of the total volume on the day, and even lower than the turnover rate of investors in this range on weekends. This further confirms my previous view that prices are already too low for more investors to be willing to hand over their chips.

So why are prices still falling? The reason is the decline in purchasing power. Although today's exact data is not yet available, last week's ETF net positions show a large number of zero accumulations, including Fidelity. In addition, the decrease in the market value of USDC also shows that the purchasing power of American investors, whether fiat currency investors or stable currency investors, is declining.

Judging from the existing data, the biggest selling pressure is mainly from the investors who started bargain hunting in the last three days from last Friday to today. Apart from these very short-term investors, we hardly see much exit. Support between $65,000 and $70,000 remains very solid. Therefore, the trend of BTC is likely to continue to keep pace with US stocks and be affected by geo-conflict issues.

Just now, news reported that Israel’s war cabinet has determined that it will counterattack Iran’s previous missile and drone attacks. Although the war has not yet involved the United States, further escalation is still possible. This needs to be gradually digested by the market.

According to the latest data from the exchange, there are large-scale BTC transfers before and after the opening of the U.S. stock market. So far, more than 10,000 BTC have been transferred to the exchange, an increase compared to last week. However, there are still more than 3,000 BTC stranded in the exchange, which may not have been fully digested.

Overall, the tension between Iran and Israel will continue to affect global financial markets, including the cryptocurrency market and the U.S. stock market. Investors need to remain vigilant, pay close attention to market dynamics, and make wise decisions. #大盘走势 #Meme