The weekend didn’t crash, 42023378650
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Instead, it made a comeback, with prices strongly returning to 109000!
Looking through the on-chain data, I found an interesting phenomenon: BTC on Binance has been "flowing out" these past two days.
One would think that Binance is the largest reservoir in the crypto world; if big players wanted to dump, they should be rushing here, but this time it’s unusual. It’s not that no one is selling, but the sell orders are clearly unable to keep up!
Instead, there seems to be some capital quietly accumulating, making this operation quite intriguing.
Do you remember last week’s plunge? It’s all due to the chaos caused by the government’s announcements. First, they threatened to impose a 50% tariff on the EU, and then they added a 25% tax on Apple, which caused the market to flood.
As a result, this week’s plot takes a dramatic turn!
This morning, the President suddenly changed his tone, saying he wants to restart 90 days of trade negotiations with the EU, extending the deadline from June 1 to July 9.
Even more explosive is the sudden concession on tariff negotiations with Japan, claiming it must be settled before June.
The speed of this flip-flop is faster than the market's volatility!
This week, it’s advised to hold onto Bitcoin steadily and not to panic when seeing a pullback; be careful not to miss the main upward wave.
As for altcoins, you need to be selective; currently, only BNB and SOL can hold up in this market. Other altcoins are likely to "show their true colors" when BTC fluctuates.
Remember the key data: keep an eye on the capital flow on Binance, the direction of Trump’s tweets governing the country, and the crucial level of 109000.
Now is the time to test patience; hold steady and don’t let the main force wash you out of the market!