The surge in volume meets the giant whale's accumulation; is $BTC 12.6 million the end point or a relay station?
The tide will not always rise without falling. When the leading brother BTC stops its aggressive charge, igniting a post-adjustment 'smoke signal,' those who understand the signal have quietly adjusted their posture.
1. Latest on-chain news! Three-pronged approach
1. Giant whales: Since early December, whale addresses have net purchased about 47,600 BTC, reversing the previous 7-week selling trend.
2. Investors' daily losses approach $500 million, with nearly 6.5 million BTC in an unrealized loss state. Miners are cutting production capacity due to cost pressures.
3. Monitored large amounts of funds being transferred to trading platforms by whales, and using 5x leverage to increase ETH holdings. Meanwhile, the BTC balance on exchanges continues to decline.
2. Latest technical analysis!
1. In terms of trading volume: The current trading volume (48.9K) is significantly higher than the 5-day (29.9K) and 10-day average volume (32.6K), indicating volume expansion. However, the price has not continued to rise with the volume, constituting a classic 'volume stagnation' signal.
2. In terms of MACD: The fast line crossing below the slow line is a clear 'death cross' signal, occurring above the zero axis at a high level, which is considered a 'high-level death cross.' Its bearish significance is stronger than a death cross occurring near the zero axis.
3. In terms of the moving average system: The 5-day and 10-day moving averages are far below, indicating a significant divergence between the market's short-term average cost and the current price, accumulating a massive profit-taking pressure, constituting potential selling pressure.
Remember! When the market frenzy begins to fade and technical indicators light up yellow, will you view this as a warning moment for risk management, or as a long-awaited layout opportunity in the long-term trend?
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