Large block trades have recently accounted for over 50% on a long-term basis. In a bear market with tight liquidity, trading will rely more on block trades, while order book trading often reduces efficiency and slippage can be significant.



Bitcoin is approaching this year's low near 58K again today, falling into the trading dense zone before Trump's election victory. Although MicroStrategy's new policy has a certain stabilizing effect on its stock, it is like adding insult to injury for cryptocurrencies.

The area above 55K is a key support, as the zone below it down to 40K is almost a vacuum. The debt from the short squeeze driven by ETFs and MicroStrategy back then may now have to be repaid. From a larger cycle perspective, the current market situation is very dangerous.
BTC-3.08%
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