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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
Recently, I have been paying attention to the accumulation of funds: unlike before, the recent focus has been on the inflow and trading of Spot. In the past few days of fluctuations and falls, the accumulation of Spot has slowly increased. Currently, the pressure in several ranges of BTC is still quite significant, with continuous ups and downs.
Pay more attention to the accumulation of Spot. A stable accumulation of 500-700 million may lead to the next big market trend. Contracts may require 1-1.5 billion to have a trend market.
So the market trend behind is still expected to be a consolidation followed by an upward movement, gradually advancing. When trading contracts, try to focus on high market capitalization coins, such as BTC, ETH, BNB, etc.
Since April, the market has been dominated by contracts, which is the main strategy of the major players, saving funds and allowing for quicker initiatives. Will it later turn into a spot-dominated market? If so, then the subsequent market trends will be slower, milder, and more sustained.