Phyrex
Phyrex|Aug 06, 2025 11:20
The selling situation of BTC transferred to the exchange helps us judge investor sentiment. From the data, although there has been an increase in selling in the past week compared to the first half of the year, there has been some decrease compared to the previous two weeks. Investors' selling pressure is gradually decreasing, and their emotions are gradually returning to holding from selling. However, the corresponding withdrawal data from the exchange, which represents purchasing power, is also in a continuous decline, indicating that investors' buying sentiment is not only not improving, but also declining. You should know that we have analyzed before that the basis for the recent increase in BTC price in the past year is more based on the reduction of selling rather than a significant increase in purchasing power. Now that selling has also increased, purchasing power is still decreasing, which is the main reason hindering the rise of BTC price. The solution still needs to be Trump's confidence in the market. This article is sponsored by Bitget | @ Bitgetzh
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