[Key interpretation] BTC is preparing for a sharp decline, the activity of stablcoin has soared by 135%

HuobiОпубліковано о 2022-09-30Востаннє оновлено о 2022-10-02

Анотація

There are many signs that the small fluctuation is coming to an end.

1. BTC accumulates converter energy

The BTC price maintains a low volatility in the short term, and the price is in an obvious trend of narrowing fluctuations, which means that the market is on the eve of change. From the perspective of the trend of the daily K line price, the closing price is still in a small range, and the closing increase has not been significantly expanded. At the same time, the price has reached the pressure level of USD 19685 corresponding to the middle track of the Bollinger Line. The sideways trading time was not short and extended, but the potential fluctuation expectation of the price was not weakened.

2. ETH double cross star prompt will change the wheel

In the daily K line chart, the fluctuation space of ETH closing price is extremely shrinking, and the price fluctuation realized within the day is only 0.2%. The market is in a clear state of readiness. Considering the recent strength of the US dollar, it means that the decline expectation of mainstream currencies such as BTC and ETH is still strong. Before the end of the horizontal running phase, it is necessary to pay attention to the possible break signs of the mainstream currency.

3. XRP large transactions appear

XRP transferred up to 100 million XRP coins in large amount, with a value of US $49.34 million. From the point of XRP's transfer, the transfer time occurred at 5:50 on September 30. Just before the transfer was completed, the price of XPR band rose by 18%. On the whole, the daily K-line price performance shows that XRP price is running at a recent high, and the strong price still shows no sign of ending. In terms of trading volume, XRP's daily trading volume at the K-line level was stable, and XRP's strong price operation was obvious.

4. The number of stable currency sending addresses rebounded

The rebound in the activity of the stable currency means that the short-term trading trend of investors is very significant, which has prompted a typical trading signal. On September 27, the number of active addresses of stable currency reached a peak of 174000, which was very close to 187000 on May 12. It is worth mentioning that the peak value of the number of sending addresses is higher. On September 27, the number of sending addresses reached 144000, while the number of receiving addresses of stable currencies in the same period was only 73000. This shows that the stable currency in the hands of more investors is still transferred to the hands of large investors, and the market still needs more time to confirm the bottom.

Compared with September 25, the number of active addresses rose by 135%, indicating that the number of short-term turnover increased and the overall market was further away from the change.

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