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Exchange inventory at record low as supply weakens again

October 12, 2021 142Browse 8Like 0Comments

Exchange inventory at record low as supply weakens again

Physical 1K-10K addresses are starting to accumulate again after the distribution, physical 10K-100K addresses continue to accumulate and large accounts are in high demand

Miners continue to accumulate

The total volume of the contract market has rebounded to over $12 billion again, which may be a short-term negative for the coin price

The chain data is stable, the big investors are absorbing stable chips, the market supply is low, the miners are accumulating steadily, the liquidity supply is low, the overall bullish

Morphology, first of all, 4 Hour, signs of weakness, began to weaken, the market is likely to go at least 4hour level adjustment, strong words may be in the 55400 near the stage bottom, weakness to 53500 near to find support. The daily level choose to break through, but the demand failed to last, today's adjustment up to now the volume is not large, belongs to the normal breakthrough after the back pedal, at present still see the uptrend unchanged. Overall the large level intact, BTC lack of a full adjustment, so yesterday so directly step on the 5 day line after pulling up can not continue to rise, the market wants on or to adjust the storage, patience some. The day steady more than 55500 near, aggressive empty 57600 near

Tags: bitcoin blockchain btc crypto currency
Last updated:October 12, 2021

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