Pierre Rochard, now CEO of The Bitcoin Bond Company, reflects on over a decade in the space, from early education to policy battles and his latest mission to bring bitcoin to traditional finance. He is a speaker at this year’s Consensus gathering in Toronto.
In the past 12 hours, large transactions have shown that the main force has cumulatively bought $193 million, far exceeding the sold $110 million, with a net inflow of $82.38 million, showing a clear bullish signal. Especially last night, there were three consecutive large market orders exceeding $7 million, which pushed the price to try to break through. However, the latest two large market sell orders totaling $4.65 million indicate that short-term selling pressure is accumulating.
The current BTC price is below the EMA24 and EMA52 moving averages, and the K-line form is bearish and swallowed up, with short-term rebound or pressure. Combined with large transaction data, the main operation rhythm switches quickly, making it suitable for short-term opportunities.
Proactively grasp the main trends and plan for market turning points in advance!
The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
While Bitcoin has held relatively steady, altcoins and high-risk crypto assets have plunged, boosting Bitcoin’s market dominance to nearly 60% as investors seek safer crypto plays.The following is an excerpt from The Block’s Data and Insights newsletter.
