Guotai's Favorable News Meets $BTC 'Silent Mode': Is the Whale Hoarding Coins a Rescue or a Trap?
The traditional financial giant crashes into the crypto harbor, yet Bitcoin today lies still like a stagnant pool—Is this sideways movement the calm before the storm, or a signal that the bulls have run out of steam?
Brothers, the heavy news of Guotai Junan International being approved for a cryptocurrency license (the Hong Kong Securities Regulatory Commission confirmed it on July 2) should have ignited the market, but BTC's 15-minute K-line is showing a 'Buddhist market'.
1. Three Key Technical Data Points!
1. In terms of MACD: DIF: 105.9 barely above DEA: 101.6, green bars shrink to +8.6. This indicates the bears have temporarily paused their pressure, but the bulls' efforts are less than one-third of the average momentum from the previous day, facing a potential death cross reversal at any moment.
2. In terms of trading volume: the latest volume is 852,080 coins (a 13% decrease from the estimated 985,696).
3. 5-Day Average Volume: 1,485,084 → Actual volume is only 57%;
10-Day Average Volume: 2,877,288 → Actual volume is less than 30%;
MA5 crosses below MA10 forming a death cross → Market activity reaches a new low in nearly 36 hours.
2. Latest On-Chain News!
1. Capital accumulation hides changes: The exchange's stablecoin reserves have reached $45 billion (a historical high), with potential purchasing power ready to surge.
2. Whale accumulation surges: The number of addresses holding ≥10 BTC has increased by 231 in the past 10 days, setting a record for the highest single-week increase in 2025.
3. Institutions are increasing their holdings through ETF channels by an average of 2,761 BTC daily, with total holdings surpassing 830,000 BTC (accounting for 4.1% of the circulating supply).
I am a math guy, top-notch technical support, serving only those with vision and ambition!