In the next two days, the market will witness the most intense battle between bulls and bears!
After a continuous surge in the market, the trading volume has sharply risen from an average of 120 billion USD last week to 200 billion USD this week. The surge in trading volume not only reflects the heightened bullish sentiment in the market but also suggests that some capital is quietly withdrawing. During the most intense price increases on November 9th to November 10th, institutions such as Paradigm and DWF have been continuously transferring various altcoins to exchanges, with a clear intent to dump. Furthermore, ancient ICO addresses and high-win-rate whales have also begun to significantly reduce their ETH holdings.
It is worth noting that during this continuous price surge, the liquidation amount in the futures market over 24 hours was only 450 million USD, and the futures open interest continues to increase significantly, indicating that bears are still choosing to resist market trends. Clearly, neither side will back down until they have convinced the other. So, do you believe in the trend or in the institutions? #BTC突破8W1大关 #etf以太坊