1、 BTC is close to USD 20000
After the fourth trading day of this week, BTC's heavy volume decline trend tends to be strong. The trading volume within the week has exceeded the recent average performance, which means that the turnover rate has increased significantly. At the point, BTC retreated to the low point of US $20111, just one step away from the integer level of US $20000. From the perspective of price performance, BTC does rebound frequently above USD 20000, but it takes more time to confirm the bottom.
In terms of range fluctuation, BTC is $2865 away from the corresponding $17246 of Fibonacci 78.6. From this point of view, BTC is closer to the supporting price, and the fixed investment opportunity can continue to be paid attention to.
2. BTC long-term investors sell off at huge losses
The trading trend of BTC's long-term investors is very clear, which is to dump BTC at a low price in the short term. From the trend of medium - and long-term investors who have been holding currency for 155 trading days, the SOPR index was as low as 0.475 on June 15, which means that investors trade when the overall loss exceeds 50%, and the selling intensity this time is significantly stronger than that in March 2020. On march13,2020, the lowest sorp index was only 0.566, and medium - and long-term investors lost 43.4% in trading BTC.
Whether BTC can reach the bottom successfully in the short term depends on the selling pressure changes of major investors. At the same time, we should also consider the trading willingness of small and medium-sized investors after the main force fled.
3. The main trading scale is amazing
The soaring number of large value transactions means that the main trading volume of BTC funds is very amazing. As mentioned in the analysis just now, the medium - and long-term investors traded BTCs at large losses. Judging from the number of transactions with a large amount of more than 500 BTCs, the number reached 1286 on June 14. In other words, after a total of 643000 BTCs have been traded by the main players, the trend of the BTC market is uncertain. The number of large transactions this time is the highest peak performance since 2020. The turnover rate of BTC is very high, so we can pay attention to low absorption opportunities in the weak pullback stage.
Over USD 20000, BTC has maintained for more than 17 months. At the point, we can continue to pay attention to the buying opportunity above US $17246.
4. Eth high volume rebound prompt low absorption
The 4-hour K-line chart shows that the ETH price has continued to rebound in large quantities. The price rebounded from $1106 corresponding to 78.6% in Fibonacci, reaching a maximum of $1125. Although the ETH shock continued and the Bulls continued to bargain hunting, the price increase was relatively limited.
5. Eth leverage ratio soars
Although the price continued to plummet, investors' interest in trading was very high. The leverage ratio recovered to 0.228 on June 13 and then retreated to around 0.201. The value was still high. In this sense, the ETH price fluctuation intensity will remain high. Even though the rebound of eth has confirmed the support effect of the technical level of USD 1106, the possibility of short-term confirmation of the bottom of the price is still not high.
The estimated leverage ratio (ELR) here is defined as the ratio of the open interest rate divided by the exchange reserve. The higher the value, the greater the estimated leverage ratio.
