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📶📶📶Hello friends, yesterday's market analysis mentioned that BTC may experience panic selling, and the market performance has basically been confirmed.
Last week, overseas markets were quiet due to the Christmas holiday.
This week everyone will return to work and will face greater volatility.
Currently, the yield on 10-year US Treasury bonds is soaring,
Lingering at a seven-month high.
The US Dollar Index has risen for the fourth consecutive week,
Stabilizing above the 108 level.
These are the reasons that put pressure on BTC.
On-chain data shows,
From yesterday to today, the inventory of BTC at Binance has decreased somewhat.
An address has bottomed out 2400 BTC worth $250 million from Binance in the past few days.
Currently, the stock of BTC has returned to the value of December 25th.
When things get to the extreme, they will turn around, as the US bond yields and the US dollar index pull back.
BTC turnover time in place
After the ETF continues to flow in, BTC will return to the $100,000 mark
Follow the copycats, more copycats have risen by more than 20%.
Be patient and wait for the 🌸 to bloom