2025/03/27 Short more long empty!
Currently, the price of Bitcoin has reached 87,300 yuan. From the perspective of market sentiment, there is a chance for a short-term upward breakthrough.
First, looking from the ETF perspective, there has been continuous inflow for several days, and the overall outflow trend has temporarily eased.
Next, looking at the Bitcoin wallets on the exchanges, there has been an outflow of over 30,000 coins in recent days. In previous instances of such large outflows, the short-term market has seen considerable increases.
This was the first large outflow at the end of May last year!
This was the second large outflow in January this year!
This is the third large outflow in recent days!
We can observe a common phenomenon: after each large outflow, there is often a short-term upward breakthrough, but the long-term trend remains downward. We can place short orders in the trading zone around 94,500!
#Market analysis is for reference only #Does not constitute investment advice
