Bitget Research Institute: the market may usher in the last fall, BTC second dip can consider the bottom in batches

Bitget Research Institute released a research report, saying that in the past 24 hours, BTC briefly fell to 58,000 U.S. dollars, and ETH briefly fell below 2,400 U.S. dollars. btc ended its rebound and plummeted yesterday, and the gas on the ETH chain fell to 1 gwei, the market hotspots are extremely scarce, and the number of bitcoins on the exchanges has now fallen to the lowest level since November 2018, according to the report. In the short term, the market may usher in a main uptrend after a second dip, and the long term remains bullish.

From a macro perspective, the U.S. spot ethereum ETF saw a net outflow of $3.44 million yesterday, and the spot bitcoin ETF saw a net outflow of $127 million yesterday.The FOMC minutes and Powell's dovish stance pushed bitcoin up, and a short squeeze could push bitcoin prices higher, and it's now looking like it's going to bottom again after the rally, in preparation for the next major uptrend wave. At the same time, the U.S. Nasdaq is seeking approval from the U.S. SEC to launch bitcoin index options, the traditional money into the circle is very obvious, the crypto market is expected to improve liquidity in the future, can trigger a wave of cottage coin market, it is recommended to pay attention to the cottage coin's recent trend.