Bitcoin (Bitcoin) On December 26, it fell by $50,000 for the first time in a few days, as foreign exchange inflows caught up with cautious optimism.

“New Players” added a $50,000 sales wall

Data from Cointelegraph Markets Pro and Transaction view Saturday night showed that the volatility touched BTC/USD.

The two had reached $51,500 before Start backtracking, And eventually fell to 49,644 US dollars. At the time of writing, Bitcoin is back in the vicinity of $50,000.

This move is the same as Increase in inflow On Binance, the main exchange, order book data showed that a new resistance wall was being established at $50,000.

This behavior shows that a large number of investors have shaped market bias, and Binance is already Source of suspicion Such activities in recent days.

“This looks like a new player,” Material Scientist, a data analysis account, pointed out when commenting on Binance’s rapidly changing order book settings.

Data from the chain monitoring resource Coinglass shows that overall, starting from December 22, the exchange balance has increased from 1.69 million BTC to 1.75 million BTC.

Ethereum retains a $4,000 defense zone

For altcoin traders, a bit of relief is that after Bitcoin’s recent decline, most large-cap coins are still relatively safe.

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Ether (Ethereum) Is still above $4,000 at the time of writing.

The other cryptocurrencies in the top ten cryptocurrencies by market capitalization either kept their declines below 1.5% or performed mediocre.

For ETH/USD, popular trader Pentoshi emphasized that $3,940-4,000 is the “key” area for bulls to defend the future.

“Currently doing long. I hope to see the bottom of the circle push up and some momentum. I hope to sell 4.4-4.5k,” he Add to.