2025.2.2 White Sugar WEB4199618009#3Market Analysis

As of 10:00 am on February 2, 2025, China time, the price of Bitcoin (BTC) fell to $100,943, down about 4% from yesterday's high. At the same time, Ethereum (ETH) also pulled back to $3,140.4, down about 3%. One of the main reasons for this wave of declines is the decline in market sentiment and the recent reduction of positions by some institutional investors, especially large institutions such as BlackRock are suspected of reducing their holdings of some crypto assets through market transactions. 632325399342835070078586427230684

From the perspective of trading volume, the recent trading volume of Bitcoin and Ethereum has been significantly enlarged, and the price has fluctuated greatly, which may indicate that these institutions are accelerating shipments, especially after the price of Bitcoin broke through the historical high. Although the reduction of positions by institutions such as BlackRock usually does not have a fatal impact on the market in the short term, it may trigger fluctuations in market sentiment, especially short-term price fluctuations.

In addition, other mainstream currencies such as BNB and Solana (SOL) have also experienced similar pullbacks, falling by 2.5% and 3% respectively. The crypto market is currently facing strong selling pressure, and the overall market sentiment is relatively cautious.

Investors need to pay attention to the next few key support levels, especially whether Bitcoin and Ethereum can stabilize in these support ranges during the pullback process. The current high volatility market needs to remain vigilant and pay close attention to changes in trading volume and the movements of large institutions. Cleared positions yesterday and waited and watched! Do less and watch more!