When the market triggered volatility on April 12, BTC's drop of less than 5% was in sharp contrast to the 20% drop in Altcoins.
The CEX chip indicator shows that traders continue to maintain a neutral view on BTC prices. The price drop is mainly driven by stop-loss behavior in the futures market, and spot selling behavior increases with the price drop.
This brings two positive signals to traders:
1. BTC prices remain strong, and bullish expectations for the future market remain sufficient.
2. Altcoin forms an extremely oversold level, and the cost-effectiveness of trading oversold rebound increases sharply!
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