Murphy
Murphy|5月 29, 2026 05:59
In addition to the long short game in the futures market, we should also pay attention to the flow of chips in the past week. On May 21st, below the BTC price of $77000, there were relatively few chips accumulated in the range of $7200 to $75000, with only 36.40000. Therefore, whether it can generate support depends on whether the willingness of funds to intervene is strong when the price enters this range. Let's compare the data from May 28th again, and currently BTC prices have entered this range. After several days of turnover, the accumulated chips within the range increased to 70.9 million, almost doubling. So although the price has fallen, the speed is not fast. Of course, these exchanged chips are not entirely based on real spot demand, but also include hedging behavior in the futures and options markets. But at least it can be said that when the price approaches 70000, some funds have accelerated their entry pace. If you frequently track this data, you will remember that when BTC rebounded to $80000, the performance of funds was more cautious. Continuing downwards, the chip wall that settles in the range of $66000- $71000 begins to gradually thicken. In this week's correction, the range only decreased by 2w chips, indicating that the chips here are not sensitive to price drops. If the callback reaches this point, unlike the range of $72000- $75000, there is original accumulation here, and with the addition of new demand, the support generated will be greater than the previous range of 72-75.
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