Good morning, the market has not been good these days,
From on-chain data, there has been a wave of stablecoin inflow into exchanges in the past few days, with no signs of outflow.
The proportion of whales is still increasing, and it looks like they are still accumulating. Currently, BTC is approaching the 60-day moving average, which is quite safe, but ETH is a bit far from the 60-day moving average and may need to drop a little more.
BNB is performing well, and the next phase is expected to challenge above 900.
SOL has dropped significantly and looks unreliable; this is a common method of market manipulation by whales,
so brothers who bought SOL should hold patiently and not be shaken out.
Why do whales want to first dump the price and not pump it? It’s because they are waiting for the Federal Reserve's decision at 2 AM on Thursday to let the bears increase their short positions first, and then after this report is released, they will push the price up to make profit from the bears.
We need to see the big direction clearly and just hold our coins patiently. The crypto world rewards the bold, but before being bold, one must first find the right path. If you still don't have direction, find Xingyu to guide you!
Watch for today: UTK PLUME API3 ACA MEME
