From the perspective of short-term speculators' market sentiment, the market has begun to show signs of capitulation (red). Usually at this time, the price is almost close to the bottom. But it won't rise immediately; it needs to oscillate back and forth for a couple of times, waiting for the market to be completely desperate, and then it may rise again.
News and time nodes corresponding to the macroeconomy: On September 11th, the inflation data for August in the United States will be released, which is the last "report card" for the Federal Reserve to decide whether to cut interest rates. September 16th is the final announcement date for the interest rate cut.
So, considering time, price, and phase, we can only prepare ourselves mentally for patience.
🕶️The relationship between the increase in holdings of BTC with a balance of 100,000 and the price.
There is a group of whales - a cluster of addresses with a BTC balance of 100,000, and their accumulation timing in relation to the BTC price always gives a sense of "buying the dip."
⌛️July-October 2024:
BTC price: 58,000 Address holding amount with a balance of 100,000: 700,000
⌛️July-October 2024:
BTC price: 74,000 The address with a balance of 10W holds: 67W
⌛️July-October 2025:
BTC price: 10W8 The holding amount of the address with a balance of 100,000: 650,000
When whales reduce their positions, it usually indicates the end of chip accumulation, and they are starting to distribute. At the same time, they push the price up again, improving liquidity to facilitate their distribution. The on-chain large holders of BTC have not really increased their positions recently compared to ten days ago, but at least the direction is accumulation rather than reduction.
But, our group expert said that now we can directly exchange BTC for ETH to sell, without needing to sell BTC 😅 Through the ETH/BTC trading pair, sell BTC for ETH, and then let Tom Lee call for ETH with a target of 5500 to complete the short-term sell...
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What stage is BTC at?
From the perspective of short-term speculators' market sentiment, the market has begun to show signs of capitulation (red).
Usually at this time, the price is almost close to the bottom.
But it won't rise immediately; it needs to oscillate back and forth for a couple of times, waiting for the market to be completely desperate, and then it may rise again.
News and time nodes corresponding to the macroeconomy:
On September 11th, the inflation data for August in the United States will be released, which is the last "report card" for the Federal Reserve to decide whether to cut interest rates.
September 16th is the final announcement date for the interest rate cut.
So, considering time, price, and phase, we can only prepare ourselves mentally for patience.
🕶️The relationship between the increase in holdings of BTC with a balance of 100,000 and the price.
There is a group of whales - a cluster of addresses with a BTC balance of 100,000, and their accumulation timing in relation to the BTC price always gives a sense of "buying the dip."
⌛️July-October 2024:
BTC price: 58,000
Address holding amount with a balance of 100,000: 700,000
⌛️July-October 2024:
BTC price: 74,000
The address with a balance of 10W holds: 67W
⌛️July-October 2025:
BTC price: 10W8
The holding amount of the address with a balance of 100,000: 650,000
When whales reduce their positions, it usually indicates the end of chip accumulation, and they are starting to distribute. At the same time, they push the price up again, improving liquidity to facilitate their distribution.
The on-chain large holders of BTC have not really increased their positions recently compared to ten days ago, but at least the direction is accumulation rather than reduction.
But, our group expert said that now we can directly exchange BTC for ETH to sell, without needing to sell BTC 😅 Through the ETH/BTC trading pair, sell BTC for ETH, and then let Tom Lee call for ETH with a target of 5500 to complete the short-term sell...
Brothers, is this how you do it!😡