1. BTC continues to consolidate
BTC did not decline continuously, but fluctuated slightly within the range. The corresponding US $17246 at the pressure level of 78.6% in Fibonacci is still the pressure level. In terms of Bollinger Line, the Bollinger Line in the Japanese K Line has been closed, waiting for BTC to break through and confirm the price direction. Although the true bottom of BTC is not clear, it can be an important opportunity for long-term investors to enter the market below 17246 dollars.
2. BTC's transaction activity maintains an upward trend
In terms of indicators of BTC of the exchange, the ratio of the number of BTC transfers in the exchange to the number of transfers in the whole network remains at 0.072, indicating that the value has further indications. This shows that investors are still actively using exchange traded BTCs. At present, the share of BTC in exchange transactions has increased, which is similar to the average value in the second half of 2021, but lower than the market performance in the second half of 2020.
3. APE shows high activity
As the financing interest rate of APE remains high, the corresponding APE price performance is relatively strong. It is noteworthy here that the financing interest rate of APE reached a high 1.69% on November 10, 2022, indicating that APE was seized by more investors in the short term. Next, the APE financing interest rate remains close to 0.01% in the near future.
4. APE price arc bottom shape
Because APE has not been listed for a long time, APE is still able to maintain high activity performance. In the daily K line, the APE price has completed a reverse pattern similar to the arc bottom, and the trading volume and price are well matched, so it can be confirmed that APE remains strong. In terms of pressure level, focus on the selling of $5 and $7.
5. LTC large transactions remain high
LTC has maintained a strong price recently, which corresponds to the good performance of large transactions. The number of large transactions with more than 500 LTCs remained at 1200, which was significantly better than the previous figure. Since June 2022, LTC large transactions have remained strong, while LTC prices have recently started to rise, and the main trading has already had results. At present, the price performance of LTC is stronger than that of most mainstream currencies, which is likely to lead the rise further and deserves further attention.
