Crypto Market Analysis - July 15th

 2020-07-15 06:40:40

Bexplus


Bexplus


During the BTC sideways shock, the only way to change the status quo is to see the price adjustment trend leaving. Recently, the number of unconfirmed transactions has risen rapidly. At the same time, the number of miners selling BTC for the first time has returned to a positive value, and the growth of selling has prompted adjustment expectations.

First look at the data of the number of unconfirmed transactions, which began to increase from 8 am on July 13th. The number of unconfirmed transactions remained at 20 million Bytes until 7 am on July 15th. It can be seen that the increase in investors in short-term trading may be the main driving factor for accelerated trading. Especially for contract traders, after more funds are opened for trading, the main possibility of using the capital advantage to promote the market is greater. Because the appearance of a large number of liquidated orders even occurring inside a few exchanges will often promote the trend.

At the same time, information from the BTC miner sell-off data shows that from July 11th, the number of miners selling BTC for the first time relative to the output of BTC is positive, indicating that the miner factor that guides the market adjustment is worth investors' attention. Combined with the signal that miners concentrated on selling BTC at the end of June, it can be judged that this miner's net sale of BTC is unusual.

The continued increase in selling on the Coinbase Exchange has also driven the market to develop in depth. Recently, the exchange's selling is not only higher than buying, but the number has also expanded significantly. Moreover, after entering July, the scale of selling BTC on the Coinbase Exchange has always been higher than buying, which has to make people doubt the possibility of BTC's breaking position.

During the contraction period, BTC is very close to the investor's cost price within 2 months, so if there is no more than 3% of the pull performance, there will be basically no stabilization.

P/L calculator
Margin calculator
Direction
Token:

Open price:
Close price:
Volume:
Position days:
Profit:

0.00000000 BTC

Profitability:

0.00 %

Amount required (margin):

0.00000000 BTC

Service charge:

0.00 BTC

Daily interest:

0.00 BTC

Token:

Volume:
Occupation margin:

0.00000000 BTC

Real Time Exchange Rates:

BTC/BTC