I said some comforting words, but in fact, although the price is falling, the long-term holding of #BTC is still increasing. This indicates that it is difficult for long-term holders to give up at a low price. It is obvious from the data that those currently participating in turnover are short-term holders, and the short-term active BTC is gradually decreasing.

Although it is impossible to eliminate the decrease, it also reflects the attitude of investors. They may choose not to buy, but for the BTC they already hold, their attitude towards selling is not firm. The data from the recent period of transfer to the exchange also shows that whenever the price falls, the selling pressure decreases significantly. This indicates that more investors are unwilling to participate in turnover.

But I cannot say this means it won't fall anymore, because the current liquidity is too poor. Even a small amount of chip sales could lead to a price drop. I don't know if it will continue to fall, and I don't know how much it will fall. What I can see is that the decline will only reduce the circulation in the market. If you want the price to rise, you have to wait for the recovery of sentiment or liquidity.

Q3 may be tough, let's look forward to Q4.

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。