
Phyrex|May 21, 2025 07:21
Last week, we also looked at the impact of long-term BTC holdings on BTC prices, especially data that has been held for more than a year, which has a very good guiding role in determining the top range of BTC prices. From the current data, BTC in this range has continued to decrease in the past week, and according to the results of the reaction, it represents that BTC prices are likely still at a high point, and even the possibility of continuing to rise cannot be ruled out.
But after all, this data has a slight lag and cannot provide the highest top escape, but it is still very accurate relative to the top. Moreover, based on the current data, there is no sign of BTC holdings that have been held for more than a year starting to increase. The second distribution should not have ended yet. However, it should be noted that the current market is still more affected by events, and it is very likely that a bearish trend at any time will lead to market collapse. Therefore, the data is more of a reference value and cannot be used as the only criterion for judgment.
The macro, political, tariff, and monetary policies are currently the most important factors in determining prices. In particular, every word and deed of Trump may have an impact on the market.
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