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On chain data shows that Bitcoin indicators are currently being retested at a critical level, which may determine the direction of the market from here.Bitcoin short-term holder SOPR has dropped to 1As an analyst pointed out in a CryptoQuant post, short-term holders are currently selling at breakeven points

Treasury Secretary Janet Yellen has warned that the United States may break its debt ceiling before June 1st, and a default could trigger an economic recession.BTCAccording to CoinDesk data, the largest cryptocurrency by market value has recently traded at $26950, a decrease of approximately 1

Bitcoin is clearing through unconfirmed transaction stacks, but still at historical highsPrice:In the debate over the role of Bitcoin and concerns about halving, Bitcoin and Ethereum have started to remain flat in East Asia; Cobo's data indicates that market confidence is recovering, while Bybit links the surge in memecoin to reinvestment and warns that if Bitcoin fails to stabilize above $30000 after halving, it will have an impact on mining.opinion:The reduction in Bitcoin congestion has affected the rise of counterfeit coins, while the demand for BRC-20 tokens has led to high fees and increased miners' income without new users, which may change the relationship between Bitcoin and Ethereum and its market dynamics

On chain data shows that the buy/sell ratio of Ethereum recipients has recently formed a crossover, which historically indicates that asset prices have reached their peak.Ethereum Maker buy/sell ratio recently crossed 280 day and 476 day moving averagesAs an analyst pointed out in a CryptoQuant post, the last time this crossover was formed was in May 2021, when ETH observed a bull market rebound at the top

A new survey shows that retail investors prefer Bitcoin over the US dollar in the event of default.Experts warn that the United States may default as early as June 1st

At 8:00 am on February 9, 2021, Bitcoin broke through again, with a maximum quote of $47480.8, hitting the $50000 mark

Recently, Binance, the world's largest cryptocurrency trading platform, suspended Bitcoin's withdrawal service twice due to network congestion. This has sparked market attention and concerns

As BTC fell to $26000, Ethereum actively defended the support level of $1800. But will ETH bulls gain leverage in the face of intensified macro headwinds?ETH dropped below 50-EMA but was inspected by 100-EMA

BTC has encountered a rebound at 25000, which indicates that the support at 25000 is effective support. It will touch the support point multiple times around this point and finally complete a new trend

Last week, Bitcoin was bearish after failing to break through $30000.The BTC whale has contributed to sustained selling pressure

With the realized market value of Bitcoin reaching $389.4 billion, there has been a cyclical growth pattern, with diminishing returns in various periods, and the market continues to be bearish

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit