Insight: This Morning's Bitcoin Dip Pressure Came From US Non-ETF Whale
BlockBeats News, January 19th, CryptoQuant analyst Mignolet combined with the CPG (an exchange Premium Gap) chart to indicate that the current market is experiencing the strongest sell-off premium in recent times.
Due to Bitcoin's sharp drop this morning before the US ETF market opened, this selling pressure is coming from US whales (large investors) operating outside of the ETF.
Note: CPG measures the price difference between Bitcoin on an exchange (USD pair) and an exchange (USDT pair), where a positive value indicates strong US buying pressure and a negative value reflects selling pressure from US investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
