The recent rise of BTC is very obvious, which is related to the good control effect of the main force. With the rebound in trading volume, BTC is expanding its growth rate in the form of steadily increasing volume, but the growth rate of trading volume is obviously not as fast as the price rebound. In other words, BTC had not had time to increase its volume yet but the price was already above $10,000. It can be seen that the main force who’s controlling the market is increasing the price of BTC, the higher room for the increase is undoubtedly predictable with optimism.
In the case that most currencies are mixed, the rise of BTC and ETH is undoubtedly the most attractive to investors. The rise of ETH is related to the recent popularity of DeFi. At the same time, as the expected launch of ETH 2.0 is approaching, the price has risen strongly. Judging from the hot speculation, it is not surprising that the rise of ETH is actually expected by most investors.
In terms of volume and price performance, the rise of ETH was achieved entirely in the process of continuous heavy volume, indicating that more investors have chased and bought ETH. Therefore, higher activity performance is the basis for ETH's rise, and this price recovery is also healthier.
The rebound of BTC is different. During the crash on May 12th, the average daily trading volume was more than 40 billion US dollars, while the current BTC volume only reached 20 billion US dollars. The lack of trading volume does not affect the price increase of BTC. Because the selling pressure is relatively small, BTC did not increase its volume during the short-term price adjustment, so the overall trading volume does not affect the price recovery rhythm. Taking into account the high pre-transaction volume, the main force is to drive the price of BTC to rise in the form of control.
At the same time, the typical partial peak signal is usually completed in the process of heavy volume. The current BTC bulls have fully grasped the price trend, so there is no possibility of substantial adjustment for the time being.
In terms of market linkage, the rise of BTC has been synchronized with the recent accelerated recovery of gold and silver prices. In other words, the rise of BTC is not a simple price change in the currency circle. Perhaps investors believe that BTC currently possesses some of the safe-haven properties of gold, and only then began to soar in the short term.
Because of these above, this BTC price increase is even more unusual.