CryptoQuant CEO: Bitcoin bull market is starting, current data similar to 2020

According to the data of major single orders in the past 12 hours, the selling amount of the main force reached $219 million, far exceeding the buying amount of $167 million, with a net outflow of $51.56 million and a buy to sell ratio of 1: 1.31. Especially after the large buy orders of $30.75 million and $10.94 million at 14:07 and 12:48 respectively, they were immediately suppressed by larger sell orders, indicating a strong willingness of the main force to short. The current 2-hour cycle K-line shows a cross star, combined with the KDJ dead cross signal, indicating an increase in short-term downward pressure. The main selling behavior resonates synchronously with technical indicators, and the downward signal is clear. Open membership, track key trends in real-time, and capture market turning points in advance! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.

According to the popularity ranking, MERL's popularity has decreased by 380000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① MERL （$0.1784，-20.46%） ② AVNT （$0.9240，-16.76%） ③ ZKC （$0.7233，-16.55%） ④ MYX （$16.35，52.95%） ⑤ ETH （$4508.31） The selling power of MERL's main funds is average, with a net outflow of $1.8855 million in 24 hours and a transaction volume of $967 million in 24 hours, of which the main funds have a net inflow of $22000.

[PBOC Deputy Governor Lu Lei: Cross-border payment risks intensify, virtual currencies become channels for illegal fund transfers] Lu Lei, Deputy Governor of the People's Bank of China (PBOC), stated at the 14th China Payment and Clearing Forum that significant progress has been made in the interconnection of cross-border QR code payments. Alipay and Ant International, subsidiaries of Ant Group, have become the first institutions to participate in the pilot program for the unified gateway business of cross-border QR codes. He pointed out that systemic risks in the payment industry are on the rise, with the expansion of cross-border capital flows and increased frequency providing convenience for illegal activities such as money laundering and terrorist financing. Some overseas illegal platforms are using virtual currencies and underground banks as channels to transfer funds, resulting in a "resonance" of risks between domestic and international markets, posing severe challenges to China's foreign exchange management and financial security.

[Suspected Maven11 Address Withdraws 4.03 Million ENA from Binance Again, Suspected YZi Labs Address Transfers 5 Million ENA to Binance Again] BlockBeats News, September 17, according to on-chain analyst Yu Jin's monitoring, a suspected investment institution Maven11 address withdrew 4.03 million ENA ($2.76 million) from Binance again one hour ago. Over the past two days, they have accumulated a total of 30.08 million ENA ($20.63 million). An ENA investor address (possibly YZi Labs) transferred 5 million ENA ($3.4 million) to Binance again one hour ago. Over the past three weeks, they have transferred a total of 54 million ENA ($37.8 million) to Binance.

[Binance to Delist ALPHAUSDT Perpetual Contract in September 2025] Binance has announced that it will delist the ALPHAUSDT perpetual contract on September 23, 2025.