We can intuitively see from the on-chain data that BTC is currently in a state of red outflow overall, which means that a large amount of coins have been bought by whales and withdrawn from the exchange, leading to a decrease in exchange inventory. However, in the short term, buying pressure has indeed weakened, but it is still far from the green sell-off zone. This red buying pressure generally occurs during an upward trend and at the bottom of the coin price, often followed by a significant rally. So currently the cryptocurrency circle has only entered the Christmas and New Year holidays, while Wall Street is on vacation in Florida. After these people return in early January, I think the cryptocurrency market will restart. So everyone don't need to panic too much, be patient, and wait for the main force to return quietly!
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We can intuitively see from the on-chain data that BTC is currently in a state of red outflow overall, which means that a large amount of coins have been bought by whales and withdrawn from the exchange, leading to a decrease in exchange inventory.
However, in the short term, buying pressure has indeed weakened, but it is still far from the green sell-off zone. This red buying pressure generally occurs during an upward trend and at the bottom of the coin price, often followed by a significant rally.
So currently the cryptocurrency circle has only entered the Christmas and New Year holidays, while Wall Street is on vacation in Florida. After these people return in early January, I think the cryptocurrency market will restart.
So everyone don't need to panic too much, be patient, and wait for the main force to return quietly!