Jamie Coutts analyzes the decline in Bitcoin volatility and price bottom

5 minutes ago, the donation address of CZ transferred 700 million CZ and 400 million TCC to the black hole address, and both CZ and TCC prices have increased. (Auntie Ai)

According to CoinDesk, BTC is approaching the long-term power-law price model support line of $58000. The relative trend line of Bitcoin and the degree of underestimation relative to gold have dropped to the bottom levels of 2018 and 2022, but Fidelity's Jurrien Timmer has not yet claimed that it has bottomed out. Jurrien Timmer predicts that Bitcoin may remain sideways near support levels for several months in the absence of liquidity catalysts, and points out that speculative capital has shifted from Bitcoin to gold, currently flowing into semiconductor stocks.

OKX-ETH/USDT is currently trading at $1800.05, a decrease of 0.06% in 5 minutes. Please be aware of market fluctuations.

CryptoQuant analyst Axel Adler stated that the Bitcoin STH Realized Pressure Model shows a slight decrease in short-term holder buying and selling pressure, but buyer power remains ahead, and there have been no trend switching signals in the model over the past 24 hours.

According to Ai's monitoring, a certain address bought CASHCAT worth $1190 on Robinhood Chain for $0.00664 six days ago, and sold it all for $0.17585 eight hours ago, earning $14400 and a return rate of 1211.4%.