CASH FLOW SITUATION ON SPOT – LATEST UPDATE

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Observations on Spot exchanges show that the selling pressure of BTC and top altcoins is consistently maintained each day. The outflow of capital from the market is increasing, reflecting investors' sentiment gradually narrowing their positions ahead of the holiday – Tet.

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While investors in Asia and Vietnam mainly tend to continue holding, the cash flow from Europe has recorded stronger sell-off activities, contributing to the sustained selling pressure remaining negative for a long time.

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With the current context, the market needs new factors or stronger cash flow returning to create upward momentum for BTC.