Recently, the market has been primarily focused on spot inflows and trading. Over the past few days, prices have fluctuated and declined, while the accumulation of spot has gradually increased. Currently, BTC faces significant pressure in several key ranges, with ongoing up-and-down fluctuations.
It is recommended to closely monitor the accumulation of spot; if the stable accumulation of spot reaches a scale of 500-700 million, it may indicate the next major market trend; while the futures market may require 1-1.5 billion in capital to trigger a trending market.
The subsequent market is expected to continue predominantly with fluctuations followed by upward movement, with prices slowly climbing. Futures trading is advised to focus on large-cap cryptocurrencies such as BTC, ETH, BNB, etc. Since April, the market has been mainly driven by futures, which is a common tactic used by major players, offering high capital efficiency and faster initiation.
If the market shifts to being spot-driven in the future, the trend may become slower, milder, and more sustained.
