BTC spot trading giant dips over 46 million US dollars, this chip peak support is crucial

Coinbase’s stock closed down 15.3% on Thursday, marking its worst day since July 2022.The decline came a day after the company released weaker-than-expected earnings in the third quarter.

Multiple ETF funds such as FBTC and ARKB have flowed out, and BTC has fallen below the $70000 mark. According to the main single order statistics, spot traders bought $46.65 million at an average price of $69422.5 below $70000. It is important to pay attention to the peak support of chips at $68870. If it remains stable, the price will test the pressure of the EMA24 moving average (point: $70330) and further support at $67655. Editor's reminder: The peak support of $68870 for chips is also located near the EMA52 moving average of the 6H cycle, which is crucial. You can pay close attention to the closing situation of this cycle! Peak effect of chips: located above the price, considered as pressure; Located below the price, considered as support. The data is for reference only and does not constitute any investment advice

Odaily Planet Daily News: During an interview at Hong Kong Fintech Week, Tron founder Sun Yuchen said, "Fair issuance is one of the biggest advantages of Meme coin. Everyone can track the token. I told Memecoin developers on Tron that if they want to be in a leading position, they need to ensure fair issuance and distribution. Meme coin can quickly attract attention, and I study Meme coin trends every day. The story keeps changing, making things exciting and never boring. One day, it could be a new Elon Musk Meme coin, the next could be an a16z coin, or even a religious, artificial intelligence, or art themed Meme coin. New concepts continue to emerge （Coindesk） Finally, Sun Yuchen stated that 60% are more inclined towards the dog concept of Meme coin.

The Trump deal is about to settle, and BTC has also experienced a significant pullback. Under the dual pressure of the US stock market correction and mtgox transfer, BTC experienced a 3% decline. But ETFs still maintain inflows, and the upward trend is not over yet. A pullback is a good time to buy. Ace intelligent analysis judgment: ETF still maintains inflow, pullback is a good time to buy The validity period of this analysis is 1 day, and the buying and selling point reference is: All analysis content is for reference only and does not constitute any investment advice. Please do not trade based on this. Buy Point 1: 68000 USDT Buy Point 2: 67000 USDT Long stop loss point: 66500 USDT Sell Point 1: 71000 USDT Sell Point 2: 72000 USDT Short Stop Loss Point: 72500 USDT For more currency point analysis, please experience Ace Intelligent Analysis: https://www.aicoin.com/link/chat?uid=cf1eabcb23 Disclaimer: All content is generated by the big data model Ace for reference only and does not constitute any investment advice.

Odaily Planet Daily News: According to Lookonchain monitoring, ACT developers sold 34.2 million ACT units in a single transaction for a total value of 4340 SOL (approximately $730000), causing ACT prices to plummet by 52%. Developers still hold 21 million ACT (approximately $630000) and may sell again. It previously spent 4 SOLs to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7455 SOLs (approximately $1.25 million) in revenue. Although the developer burned some ACT, they still hold 21 million ACT (approximately $630000) in three wallets. Address: 51B3ZUzgsSgToFg1aeQo4CgkPhkaNknw5Y3yPxxBhfCB 5R4RJojpoKNwBcJNgVYGtwXdmhyEHWXGDBQqAmericapLfcW 4SEGtfddmkiTChmn7zfRfWbNvZT2gcFWyfYe41u9YQEs