Viewpoint: On-chain data shows that BTC main force has not retreated

Today, I saw a comment section on Twitter. Many friends are saying that the decline was deliberately washed by the dog dealers, or that the main force in the United States was selling. There are also some remarks that the United States joint institutions are harvesting retail investors. Although they are different, the main content is that this decline should be a deliberate bureau, and even the war between Iran and Israel is forcibly finding excuses to cover up the truth behind the sickle. I can't directly comment on whether such a statement is definitely right or wrong, but from the data level, it is very likely that this statement is killing one thousand enemies and losing five thousand. Why do I say this? Because from the structure of the #BTC chain transfer, in this batch of so-called "dealers" or institutional layouts, they are probably in the range of US$40,000 to US$60,000, which is exactly the part before and after the ETF is passed, but this part of BTC has not shown signs of large-scale departure, and even investors with overall holding prices below US$60,000 do not have too many signs of departure. There is indeed a high turnover at $3,000. Although it has happened before, it should have nothing to do with the recent market. After all, the chips at this position have not changed much since the decline. On the contrary, the investors who have lost more than $64,000 have the most turnover. That's why I said that if it is the so-called main force, the BTC bought at a high price is used to dump the market and absorb chips, then it is probably really a loss. Even though the expectation of war may rise, we haven't seen too many early investors leave. After all, the data on the chain is the most accurate. If you say that someone has tens of thousands of BTC in the exchange waiting for the market to be dumped, I dare say that you don't dare to believe it. And from the daily data, we can also see that the BTC that is basically temporarily transferred from the outside is the main reason for the price drop, and most of these BTC will be withdrawn from the exchange, which is also one of the reasons for the decrease in liquidity. Whether it will rise or fall next, I still say that I am just a mortal, and I have not reached the stage of ascension. What I am saying now is all guesswork. The key to the market trend is whether the current narrative has changed. I have been saying that as long as the war does not worsen and the expectations for the Federal Reserve do not change much, there will not be too extreme situations. In particular, we can look at the US stock market first. If the US stock market is good, then #BTC and #ETH will not experience a big crash. From the data of the exchange, we saw a gap of nearly 10,000 BTC before the market opened. At 22:10 Beijing time, another 3,400 BTC were transferred to the exchange, and the total gap was as high as more than 13,000 BTC. However, at 23:10 Beijing time, more than 10,000 BTC were suddenly consumed, and there were some scattered consumption. The current BTC inventory in the exchange has once again refreshed the lowest point in nearly six years. The data has been updated, address: docs.google.com/spreadsheets/d...… This tweet is sponsored by @ApeXProtocolCN｜Dex With ApeX