CPI has landed, and expectations for a rate hike at the end of the year have been reduced. At the same time, the Americans are selling, and BTC is falling.
The US Silk address changed again, transferring out 9,800 BTC, which attracted market attention. In March, the US Silk address sold 9,861 BTC and stated that it would continue to sell 41,500 BTC.
The Americans hold more than 6 billion U.S. dollars worth of BTC, including 69,000 BTC seized from Silk in 20 years, 94,600 BTC seized from B network hackers in 22 years, and 51,300 BTC seized from James Zhong in 22 years.
The Americans plan to sell it in batches in 2023, so you should pay special attention to changes in addresses.
BTC：
It bottomed out along the 5-day line. South Korea took the lead in selling in large amounts. It is still in a volatile trend. The position soared, which means that a big fluctuation is about to come. BTC stood firm at the key point of the triangle support of 30,000 US dollars and will continue to rebound. We must wait patiently for the bottom to be confirmed.
ETH：
Yesterday we talked about ETH facing negative selling pressure expectations, weak linkage with the mainstream, lack of new funds to support the market, waiting to repair the decline.
BCH：
BN's proposal to restore BCH has a positive effect on BCH's expectations. It indirectly shows that BCH is popular and the on-chain transactions are active. Waiting for the mainstream to confirm the bottoming out, BCH will become stronger.
KAVA14 is online, UniSat launches NFT, BRC20 picks up again, and SHIB sees large on-chain movements. Pay attention to the expected bearish selling pressure.
