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Garrett Jin: $8.25 million on the BTC station and $80,000 to digest the sale
Garrett Jin analyses suggest that bitcoin has a substantial cost base between $88 million and $825 million, with $766 million in support and $77,000 above. When $8.25 million is put back on the day-line collection station and $80 million held back, it can be considered effective in digestion of price-sensitive sales. In August, the United States cash ETF net inflowed $3.5 billion, and September net outflows of $237 million. Under current macro-pressures, oil prices have risen back to $95, US debt 10 years of a break in the annual rate of return 4.8 per cent, the market price of the September interest rate hike to the Fed has risen to 70 per cent, and the Friday non-farm report will be a key test。
