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BTC spot major investor sells $118 million, but $870 million ETF funds remain firm to protect

2024-10-30 04:08

Last night during the US trading session, the net inflow of US spot Bitcoin ETF reached $870 million, assisting BTC to rise to $73760. According to the main single order statistics, BTC spot traders continued to sell during this period, selling a total of $118 million in the range of $72000 to $73760. However, the ratio of OKX BTC long to short positions remained below 0.6, and the main bullish sentiment remained unchanged. At present, under the 45 minute cycle, MACD has deviated, and we can focus on the support of $72065. If it falls below, pay attention to the support zone of $71213~$71338 (EMA24+chip peak) in the 90 minute cycle. Special Reminder: 1. There are still a large number of spot sell orders above the current price, and the specific location and amount can be obtained by setting the 'Main Large Order Tracking' indicator; 2. The 'Breakthrough Hunter' strategy with a 90 minute cycle issued bullish signals multiple times before BTC broke through $68000, which can be viewed in the community indicator subscription strategy. The recent market fluctuations are significant, please take good risk control measures. Strategies and data are for reference only and do not constitute any investment advice!

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