Murphy|Apr 09, 2026 03:51
The latest data is out!
After both the US and Iran announced a temporary ceasefire, the market began to rebound. As of 21:00 on April 8th, BTC's 24-hour average profit reached a peak of $29740000 (Figure 1).
This scale is much higher than the 1879w we counted yesterday. It is also the third largest profit realization scale in the past two months of consolidation period, second only to 3/5 and 3/16.
Yesterday during the day, when BTC encountered resistance at the key position of $73000, some profitable chips began to loosen. Seeing the short-term trend slowing down, they chose to settle for safety.
Based on the recent market average, a profit realization of nearly 30000 RMB within 24 hours will put pressure on the demand side. New positive expectations must be released in order to stimulate the acceptance again.
If not, there is a high probability that it will return to the rhythm of 3/5 and 3/16, with a slight decrease but also a slight increase.
Additionally, we can simultaneously observe demand side data - whales holding 1k-10k are currently the only on chain group still providing demand (Figure 2).
Their trend accumulation score from 3/30 to 4/2 is 0.6-0.7, with a maximum score of 1 representing accumulation, so 0.6 is biased towards accumulating chips. If the trend accumulation score of 4/8 is 0.4, it represents a bias towards distribution.
This observation and the market supply and demand relationship reflected in the realization of profits mentioned above can be mutually verified.
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