After observing the trading data of Bitcoin following its recent surge, it is evident that the Trading Volume has significantly decreased compared to the consolidation period after the previous surge. This phenomenon is commonly found through analyzing data from multiple exchanges across the network.
The change in trading volume is actually a positive signal, indicating that the current chip structure is more solid than before. After sufficient turnover, the chips have tended to settle, and the strength of market consensus has significantly increased, which reduces the possibility of a sharp decline in Bitcoin.
From the perspective of market control, as long as the main holding institutions remain stable and do not actively sell, the price of Bitcoin is unlikely to experience significant declines. This market structure provides certain support for the price, and one might consider increasing positions during a pullback.
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After observing the trading data of Bitcoin following its recent surge, it is evident that the Trading Volume has significantly decreased compared to the consolidation period after the previous surge. This phenomenon is commonly found through analyzing data from multiple exchanges across the network.
The change in trading volume is actually a positive signal, indicating that the current chip structure is more solid than before. After sufficient turnover, the chips have tended to settle, and the strength of market consensus has significantly increased, which reduces the possibility of a sharp decline in Bitcoin.
From the perspective of market control, as long as the main holding institutions remain stable and do not actively sell, the price of Bitcoin is unlikely to experience significant declines. This market structure provides certain support for the price, and one might consider increasing positions during a pullback.