Changes in Bitcoin on chain data in the fifth week of 2026- Do you still have money to buy at the bottom? This week has been very difficult for the overall risk market, with not only the US stock market experiencing a pullback, cryptocurrency experiencing a pullback, but even gold and silver experiencing unprecedented pullbacks. It can be said that in this wave of decline, almost no asset is safe, which is not the most uncomfortable. The most uncomfortable thing is that investors who have cut their meat in the decline have found that their asset targets are starting to rebound. When many small partners are talking about the collapse of the gold and silver foam, gold has returned to the top of $5000, and silver has returned to the top of $85. In addition to Microsoft and Meta, other targets in the U.S. stock market are also OK. The cryptocurrency field, such as BTC, also rebounded after the end of the lockout. The rebound of gold and silver is just like what was said before. Now the Chinese government, including the Chinese government, is buying a lot of gold to hedge the dollar and geopolitical risks, so the rebound is normal. The stock of Bitcoin on the exchange in the past year Cryptocurrencies have indeed been a bit uncomfortable. Based on the stock data of the exchange in the past week, the stock has almost always increased, but today it has slightly decreased because the shutdown has ended. This indicates that there has been pressure and emotion among investors in the past week, but it should not be very high. There are about 12000 bitcoins stuck in the exchange this week, and this part of the stock may be newly added pressure. From the perspective of the reason, it is likely that the liquidity in the market is worse, and the negative sentiment has made investors want to avoid risks. In recent weeks, it has also been plagued by disasters. According to the data, it is known that the cash exposure of global fund managers has broken through the lowest point in history, and the ability of institutions to pull orders has become increasingly poor. First, they caught up with Trump's tariff weapons, and then the first three seven sisters' financial reports were not good, causing the market to fall. Next, the suspension of the U.S. government exceeded the market's expectations, not to mention the geopolitical conflict between the United States and Iran. Market value changes of USDT and USDC in the past year The direct result is the weakening of market liquidity, which can be seen from the changes in the market value of the main stablecoins. The market values of USDT and USDC are both decreasing, especially USDC is being used more frequently in European and American trading, especially in the amount of funds transferred to the exchange. USDC has surpassed USDT to become the main trading force. Of course, some friends may say that the decline in the market value of USDT and USDC may be due to the conversion to USD1 to earn interest, but in reality, the market value changes here are generated by the data generated by users' purchases and redemptions. For example, if the market value of USDC has decreased by nearly $8 billion in the past two months, it means that some users have redeemed $8 billion of USDC into USD, which is not related to the conversion to USD1. Stock data of USDT+USDC and USDT+USDC exchanges transferred to the exchange in the past year From the data, it can be seen that the market value of USD1 has increased by about $2.4 billion in the past two months. Although it has performed well, there is still a considerable gap compared to the $8 billion reduction in USDC holdings alone, not to mention that USDT has also reduced its market value by more than $2 billion in the past month. Moreover, not only is the market value relatively low, but even the stock of USDT and USDC on the exchange is declining. So from the double data test, it can be seen that the purchasing power in the cryptocurrency field is gradually declining, and indeed more funds have left the cryptocurrency market. This leads to the reason that once there is a bearish trend, the buying power will be lower than the selling power. Previously, we used to say that the market has money, but now the amount of funds in the cryptocurrency market is declining. Bitcoin transfer to exchange data in the past year And from the BTC data transferred to the exchange in the past week, it can be seen that due to various negative factors concentrated together, there are more and more selling, and in the case of insufficient purchasing power, it can only fall. However, from now on, there are no new moths for tariffs, and the problem of shutdown has ended. Although geopolitical conflicts still exist, the United States has also started importing oil from Venezuela, so oil prices are not high. Currently, only sporadic financial reports may cause confusion in the market. Overall, there is still no money and no liquidity. Although there is still a correlation between cryptocurrency and technology stocks, the depth of cryptocurrency has become increasingly poor, which will cause the US stock market to rise, cryptocurrency to rise less, US stock market to fall, and cryptocurrency to fall even more. The only solution to this problem is to wait for monetary policy, that is, interest rate cuts. @bitget VIP， Lower rates and more generous benefits