The current Crypto Assets market presents a complex situation, with various major coins performing differently.



Regarding Bitcoin (BTC), on-chain data shows that long-term holders are selling off in large quantities, with approximately 240,000 coins being sold, marking the largest scale in recent years. This signal suggests that BTC may be approaching its peak. In the short term, BTC prices are under pressure in the range of $112,000-$113,000. Market trading is light, and the real supply-demand relationship remains to be clarified further after the opening of the US stock market.

Ethereum (ETH) is currently in a long adjustment period, with strong market supply. Nonetheless, from a technical perspective, ETH still maintains its upward trend in the adjustment phase. Investors can continue to hold and watch, paying attention to the key support level around 4200.

The altcoin market is poised for action, and market makers expect liquidity to decrease in the later stages of the bull market, which may lead them to rush to increase coin prices in order to offload their holdings. For investors, this could be an opportune moment to seize opportunities, but at the same time, it is important to remain vigilant and operate cautiously.

Overall, the Crypto Assets market is at a critical moment, and investors need to closely monitor market changes, rationally analyze various signals, and make informed investment decisions.
BTC-1.15%
ETH-1.37%
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WalletManagervip
· 09-08 21:38
Why are retail investors panicking? Hold your Private Key tight.
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BearWhisperGodvip
· 09-08 20:56
What are you selling now, still waiting?
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LiquidationTherapistvip
· 09-08 13:50
Good days are still ahead.
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OnChainArchaeologistvip
· 09-08 13:47
Large Investors are dumping again.
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OnchainDetectivevip
· 09-08 13:44
Analysis shows that 240,000 BTC is mostly related to Money Laundering and cashing out, a typical rollover strategy.
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ForkMongervip
· 09-08 13:37
already priced in... weak hands folding as expected tbh
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GetRichLeekvip
· 09-08 13:31
Trapped again at the top, oh my God, hurry up and double it so I can run.
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