Mignolet
Four data: Market psychology, interest, and liquidity contraction
After peaking in May of last year, Taker Buy Volume (liquidity) is declining. For one year, the expected movement did not appear and liquidity decreased, New deposits continue to decline. (-> BlockFi , ETH 2.0 Staking Inlfow) If the current section is positive and the expectation of a bottom is high, new deposit funds will increase, Compared to last year, there are no new deposits. As a result, the psychological contraction and interest in prices are decreasing. Bitcoins accumulated over a year are starting to increase. Although the increase in holding volume can be interpreted positively from the fundamental point of view of Bitcoin, In a situation where liquidity is reduced, sentiment is weakened, and the market is not interested, Who can consume the heavy holding volume that has been held for more than a year in the green box? New liquidity must be revived. Otherwise, it will eventually give the market a strong decline, forcing it to secure liquidity.