The continued strengthening of capital flows suggests that the market may further break through upwards, and it is necessary to pay attention to the changes in trading volume next
An analyst from X platform pointed out that the current market stage: strong capital flow, still has room to rise.
• The current BTC's capital flow has significantly strengthened, and the money flow index has returned to a level of 77, indicating that market participants are positive.
• Although BTC is currently fluctuating around $65,000, the continued strengthening of capital flows suggests that the market may further break upwards. We need to pay attention to changes in trading volume next.
Mid-June - Early August: Market depth adjustment.
• The fund flow in June was significantly downward, accompanied by a drop in BTC price from $64,000 to about $56,000. MFI continuously stayed below 20 in the oversold range, meaning heavy selling pressure on the market.
• Early August: Although BTC prices are still weak, funds have begun to slowly rebound suggesting signs of stabilizing market sentiment.
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.
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