HashKey Exchange Business Group Co CEO Ru Haiyang: In the future, the number of users in the cryptocurrency market will reach 3 billion, and cryptocurrencies will become mainstream

According to the data of major single orders in the past 12 hours, the total transaction volume of sell orders reached $402 million, far exceeding the $264 million of buy orders. The net outflow of major orders was $138 million, indicating a clear willingness to short. Especially last night, there were multiple large selling orders exceeding $30 million in Binance contracts, which suppressed the upward potential of prices. Although BTC is currently above the EMA24/52 moving average, its trading volume is extremely shrinking, market activity has significantly decreased, and there is insufficient upward momentum. Combining the K-line pattern and indicators, a bald and barefoot bullish candlestick appears in the 1-hour cycle, seemingly strong, but the J-value has become extremely overbought. Coupled with the convergence of the KDJ indicator, the risk of a pullback is significant. The main large orders accurately reveal the trend of funds and identify the turning point of the trend in advance! Open membership, track major orders, seize opportunities, and seize the initiative in the market! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

The current price of HTX-ETH is $1908.63, with a decrease of 0.77% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.69 million US dollars, with multiple orders being the main liquidation and 3.43 million US dollars (32.09%) of ETH liquidation. The data is for reference only.

According to BlockBeats news, on March 12th, top trader Eugene Ng Ah Sio posted on his personal channel that "SOL has already taken profits from multiple orders, and the main reason for choosing to reduce risk rather than wait for higher prices is that the stock market is still plummeting. I choose to exit and re evaluate first, rather than boldly assuming that cryptocurrency will have a relatively strong performance in a (very short) time frame

Odaily Planet Daily News: The decline in cryptocurrency prices in February has deterred many retail investors, with cryptocurrency trading volume on Robinhood platform dropping to $14.4 billion, a 29% decrease from the previous month, surpassing the decline in stock and options trading volume. The slowdown in cryptocurrency trading volume indicates a decrease in interest among retail investors and may have an impact on other exchanges, including Coinbase. In terms of stock prices, Robinhood's stock price has fallen by 4% this year, while Coinbase's has fallen by 15%. （Coindesk）