4.Market at noon on 19: the price trend after a heavy volume drop

The article is contributed by the blockchain analysis of Niu Qi, the columnist of Jinse Finance and Economics. The remarks only represent his personal views and are only for learning and communication! Golden Disk will not actively provide any transaction guidance, nor will it charge any fees to guide transactions. Readers are requested to carefully screen and beware of being fooled. the

The U.S. stock blockchain sector rose at the beginning of the session, and Canaan Technology (CAN.O) rose 4.19%. O) rose 4.28%, Canaan Technology (CAN.O) rose 4.19%, Ninth City (NCTY.O) rose 3.56%, and Riot Blockchain (RIOT.O) rose 2.85%. [2021/10/11 20:21:14]

According to data from OKEx, the current spot price of BTC/USDT is $56,700, an increase of 2.2% in 24 hours.

The 24-hour BTC contract large order turnover was 110 million US dollars. The spot large order turnover was 415 million US dollars: According to the transaction data of Contract Emperor, the recent 24-hour BTC contract large order turnover was 110 million US dollars, of which the buy order was 47.3 million US dollars and the sell order was 63.4 million US dollars; The BTC spot large order turnover was 415 million US dollars, of which the buy order was 183 million US dollars and the sell order was 231 million US dollars. [2021/4/2 19:39:56]

The 10,000-dollar price drop in Bitcoin brought the market heat to a freezing point in an instant. The long-to-short ratio dropped directly from 1.6 to 1. The liquidation volume was close to 40 billion RMB, and many large orders were exploded one after another, which was very tragic. From the current point of view, this wave of heavy volume fell to the position of the daily MA83 line, and then encountered the counterattack of bottom-hunting funds. It has rebounded to 56,700 US dollars, and the rebound is still very strong. The current OBV rebounds quickly, and the market shows that funds are continuing. The influx of funds is expected to drag the price into shocks, the upper pressure is 58,500 US dollars, and the lower support position is near the daily MA83 line.

Ripple co-founder Jed McCaleb has sold $411 million in XRP over the past year: Ripple co-founder and former CTO Jed McCaleb has sold $411 million in XRP over the past year, bringing his total profit from selling XRP to $546 million Dollar. Whale Alert reports that McCaleb’s remaining XRP, and the value he received from the sale of XRP, amounted to $1.2 billion, making him one of the richest men in the crypto market. (dailyhodl)[2021/1/6 16:30:58]

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Author: Niu Qi's Blockchain Analysis

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