1. A large number of BTC transactions
With the rapid expansion of the decline, the trading volume of BTC in the spot market increased rapidly on September 6, almost reaching the highest peak in a year, and the value was only lower than the trading volume on July 8. In other words, more investors participated in BTC's short-term trading, making the short-term break down more authentic. As the cost price of investors has been very concentrated in the past two months, the breaking down of BTC is more worthy of investors' attention. With the progress of the adjustment, BTC has gone farther and farther on the road of further breaking. At present, there is still a chance of short-term shocks in the long and short-term competition, and the price direction after shocks may still be downward.
2. BTC chain transaction rebound
Large value transactions on the BTC chain have obviously continued to rebound. Numerically, the number of large value transactions on September 6 increased to 113, which is converted into 56500 BTCs. This shows that the trading performance of whale investors is still active, especially when BTC is about to fall below the current price platform of $18800, and the long and short competition is more intense.
3. BTC explosion lifting
BTC's position explosion scale further maintained a high level, especially during the typical adjustment period, the one-day position explosion scale easily reached $100 million. On September 6, BTC's long position explosion scale increased to 249 million US dollars, which means that more investors have suffered losses. On August 26 and August 19 in the early stage, the size of the positions sold also reached 288 million US dollars and 562 million US dollars. Judging from this, the breakthrough of key points has been sustained by large-scale multi position bursts. Therefore, BTC's breakthrough effect on the downward price is very significant. Despite this, BTC contract position has not significantly decreased. At present, at the key price low point, there is a greater possibility of further changes.
4. Eth drops suddenly
The short-term pullback of eth prices indicates that there are signs of reversal at the daily K-line level. The recent price support platform shown in the figure is about to be confirmed to fall below. At present, with the overall trading volume in the doldrums, there are signs of continuous volume release during the accelerated decline of eth, so the market is still dominated by short sellers. At present, the intraday amplitude of eth reached 8.21% on September 6, twice that of the previous trading day. After the amplitude increases, there are signs of changing the price. After falling below eth's $1400 platform, the price may soon hit the low of $1000.
5. Eth financing interest rate dropped significantly
The current price of eth's financing interest rate dropped below 0. On September 7, the financing interest rate was -0.022. This shows that with the adjustment, the recent negative financing interest rate performance has not fundamentally changed, indicating that the price trend is significantly downward. Judging from the pullback of financing interest rate at least, the selling of investors is still very positive, making the prediction that the price may reach the point more pessimistic.
The financing interest rate dropped below 0, indicating that the cost for investors to buy eth has been very low. This shows that the market continues to develop in a declining direction.
