$BTC Giant Whale Exchange holds 48,000 pieces! Is a 38% plunge just the beginning?
When the volume breaks through, it's the charge of the bear market; the MACD death cross is the assembly order of the air force—when the K-line steps into the abyss with panic volume, bottom fishers will eventually understand: catching flying knives always leaves one bloodied.
1. Threefold strangulation on the technical side!
1. Price aspect: On July 14, the price fell from 123,300 USD all the way down, today it broke through 115,000 USD. Three consecutive weekly red candles, with a drop of over 6.18% in July, confirming bear market structure.
2. MACD aspect: The DIF line is crushed by the DEA line, MACD bars are turning red like a flood—brakes fail, accelerating downhill.
3. Volume aspect: Daily trading volume is 25.9 million pieces (5-day average volume only 93,000), panic selling reaches an average daily volume of 27 times!
2. Latest news with three sharp blades!
1. Grayscale GBDC continues to bleed: Last night, 180 million USD flowed out, BlackRock IBIT inflow returned to zero.
2. Federal Reserve strikes: Powell says inflation is stubborn, no hope for interest rate cuts in September, the dollar index skyrocketed by 0.9%.
3. On-chain death cross: The cost line for short-term holders (around 110,600 USD) has broken below the long-term line (100,000 USD), signaling a bear market in bright red.
4. On-chain capture of Binance's single sale of 12,000 BTC, compounded by Mt. Gox repayment panic (140,000 BTC awaiting release), whales run slowly and get buried.
Remember: The most brutal drop in Bitcoin always plants the seeds for the craziest surge.
I am Tang Seng, top-level technical support, serving only those with vision and ambition!