The price distribution of BTC positions as of 12:00 p.m. today is the change from 13:00 p.m. yesterday to 23 hours in the BTC chain. You can guess by the weekend's figures, but I've also had a lot of little buddies ask me, why is it in this video that we've been analyzing Asia's data that says a lot is due to European buying, and apart from the question of time, is Asia's really such a poor buyer?
It's not the difference in purchasing power. It's the more pragmatic approach from Asia's partners. In the absence of any clear signals, either many investors have left the market waiting for the bottom of the price range, or many investors are lying flat waiting for cyclical changes, and some investors are even less interested in physical commodities. Because Monday's data is the best evidence of that, knowing that Monday morning is already a major trading day in Asia. The main trading zones in Europe and the U.S. are those that start at 3 p.m. and those that start at 8 p.m., and the data are obviously active from around 3 p.m. for more than half a year, while the data are linked up on a Saturday morning showing that 8 a.m. is essentially the dividing line, and that 8 a.m. is a cliff-edge change only in terms of both the address and the amount of money bought. So it's also very clear from today's data that in the last 23 hours, there were just over 16,000 BTC's added, especially after four hours of dominance in Asia, and that the amount would be at least twice as high if it were in the US and Europe during the working day. The data still show that the profitability chips with a position of more than six months and the BTC's long-sellers with a high-value hedge are still very low, at just over 1,000. The average sales are only about 45 an hour, which is relatively low. The overall loss-making BTCs with more than a month's exposure and cost prices above $25,000 have reduced their holdings by about 3,400 BTCs, an average of less than 150 BTCs per hour. This is not unusual weekend data. As a result, it is easy to understand that the amount of chips with a longer holding time is gradually decreasing. After all, there is one less chip in circulation.
The BTC, currently trading at around $20,000, has been trading for nearly four months, so high-priced chips are not being replenished at all, and any high-priced meat-cutting chips become low-priced nutrients. Even so, there are statistics showing that more than six million lossmaking chips are sitting on top of the $25,000 range, still accounting for about a third of the current circulation. On the other hand, there is a growing pile of chips in the vicinity of the current disputed price. Between $19,000 and $20,000, the BTC stock was already more than 2.5 million, and with price swings continuing to pile up, what was previously a single-price pile of high stocks, now appears to be the two-price pile that has surpassed its all-time high of $3,000. As noted before the CPI announcement last week, the risk of a downward price spike is inevitable.
The 6 a.m. BTC Nasdaq did show an upward trend after the futures opened in Beijing, but it's not clear that it will continue to rise. After a rise of up to $400 for BTC's profits, the headline profit margin rose 2%, to 55% from about 53% yesterday. As a result, stakes of less than 19,000 are still high, even more than half of the outstanding amount.
For ETH data, which are also on the rise and are up by a larger percentage than the BTC, purchasing power is not that large. While the number of profitable addresses on ETH is up only 1.4% from yesterday's figure, the price increase is more than three times that of BTC, and while ETH holders at $1,300 also account for more than half of liquidity, it is clear that more investors are not interested in current prices and want to wait for lower ones. I don't know if I can wait, but statistically BTCs over the same period are more popular. Many more investors believe that BTC is now at the bottom, so not only are there a lot of buying going on, but even some of the recent winners are staying put for the longer term. As became clear from the BTC's position data released last night, more investors are holding positions.
The current long-term holding of BTC is also rising. From the data up to 8:00 this morning, it can be seen that the current long-term holding of more than 13.8 million chips has been added, and the daily adding of more than 8,000 BTCs is still less than 900. Moreover, the proportion of losing chips is increasing, which also shows that the depressed price makes it more difficult for the chips in the long-term holding to fall.
After a morning's movement, you can see that the dollar index has indeed shown a downward trend, which is not very obvious, but has dropped below 113. Last week, we talked with our partners, and the foreign exchange market is reacting much faster than the stock market or futures market. Especially in the current sensitive situation, if the dollar index can maintain its downward trend, this would indicate that the foreign exchange market has begun to lower the magnitude of the Fed's rate hike in December.
The trend of the Nasdaq futures also showed a rather big upward trend after 13 p.m. Of course, this upward trend can not exclude that this upward trend has nothing to do with the British farce. But take a long look, for risk markets, especially for currency markets, Europeans are still the main buyers at the moment. Therefore, we need to focus on the trend of the Nasdaq futures after 15 p.m. The current rally is just to lay the groundwork after the opening of US stocks at night. The sellside market is in contraction, especially as lock-up sales have been scaled back, more price competition is mainly due to short-term holders, and price increases are being driven by the Fed's uncertain strategy of raising interest rates and rising core CPIs, which are the main reasons that keep investors out of the market.
