Bitcoin On-Chain Data Analysis

Although the results from the Fed and Nvidia are positive, the on-chain data in the past 24 hours is still relatively sluggish, and the overall flow volume is similar to that of the weekend, reflecting that both buying and selling are currently declining, although we have seen from the previous#BitcoinThe purchasing power of spot ETFs has increased, but the spot ETF market can only reflect the sentiment of American investors.Judging from the detailed data, recent profit holders with position prices of US$45,000 to US$50,000 do not have much intention to leave the market. This is related to the fact that there are very few investors who have entered the market at this position. On the other hand, On the other hand, it also means that retail investors who are more sensitive to prices have almost reduced their holdings. We can see this data from the trends of small-scale investors published every day. Although there are occasional fluctuations, in most cases high-net-worth investors are increasing their holdings, while small-scale investors are reducing their holdings. In addition, although the price of#BTChas been hovering at US$51,000 recently, there seems to be a trend of insufficient upward momentum. This is also the reason why investors who have suffered losses recently have increased their efforts to leave the market. Judging from today’s data, the number of investors who have suffered losses recently has decreased. The holding once again exceeded the reduction in holdings of recent profit-making investors. That’s not all. Judging from the total reduction of holdings, it is not the investors who have left the market who have suffered the most recent losses. Instead, it is the investors who have made short-term profits. That is, investors whose holding prices are between US$40,000 and US$45,000 are the most willing to leave. Strongly, the number of investors leaving the market in this range even exceeds the sum of recent profit-making and recent loss-making chips.