According to analysts, BTC horizontal shocks, short-term volatility space is small, the direction has not been further confirmed. In terms of mainstream currencies, ADA and fil were the biggest gainers. Most mainstream currencies rose slightly, and the adjustment may take more trading days to end.

In terms of chain activity performance, the transaction volume of BTC chain is obviously at a low level, which indicates that the activity of BTC network is significantly reduced. Comparing the transaction volume on the chain with the price of BTC, it can be confirmed that the characteristics of BTC shrinkage operation are obvious, the main activity is reduced, and the expectation of BTC rise is lowered. At the same time, the chain trading volume continues to decline, which means that the BTC price may have a greater chance to change.

(2021-3.17)