Latest on-chain data suggests that the market is hitting bottom rather than crashing:
📉 Futures CVD (90 days) shows that aggressive selling pressure from orders is easing. The heavy short positions and forced liquidations that have driven the decline recently are slowing down. 📈 The spot CVD still shows a slight negative value, indicating that some holders are still selling, but the pace has slowed down. 💹 The stablecoin supply ratio has returned to the range where the previous rebound in this cycle started. 📊 aSOPR remains near 1.0, indicating that most tokens are being sold close to their cost price rather than in a panic sell-off.
This is exactly the characteristic shape of the initial emergence of the bottom. A slight change in market sentiment or a macro positive news can be enough to reverse the market direction. 🔥🔥🔥#加密市場回調 #BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin selling pressure begins to weaken
Latest on-chain data suggests that the market is hitting bottom rather than crashing:
📉 Futures CVD (90 days) shows that aggressive selling pressure from orders is easing. The heavy short positions and forced liquidations that have driven the decline recently are slowing down.
📈 The spot CVD still shows a slight negative value, indicating that some holders are still selling, but the pace has slowed down.
💹 The stablecoin supply ratio has returned to the range where the previous rebound in this cycle started.
📊 aSOPR remains near 1.0, indicating that most tokens are being sold close to their cost price rather than in a panic sell-off.
This is exactly the characteristic shape of the initial emergence of the bottom. A slight change in market sentiment or a macro positive news can be enough to reverse the market direction. 🔥🔥🔥#加密市場回調 #BTC