Bitcoin grew to around $ 51,000 yesterday. Altcoins fell less than BTC, and as BTC rebounded, altcoins also rebounded.

The US and Asian stock markets were more bullish and bullish during the intraday session. Concerns about the new Omicron strain have subsided.

The Fed will meet in mid-December. Investors are waiting for information on the agency’s rate hikes or policies to control inflation. The Fed’s rate policy will have some impact on the equity market in the short term. In the long run, however, the stock market has been an uptrend over the years.

The recent drop in BTC prices resulted in a large number of futures orders being liquidated on the exchanges. The number of futures orders has decreased significantly, but is still at the level of mid-May.

The funding rate indicator also fell to negative values ​​after many months. This shows more short orders than long orders.

The BTC win rate also fell to 78%. When BTC fell, the Coinbase Premium Gap Index also rose, and the pressure to buy Coinbase Pro was high.

The number of BTC in long-term storage is also increasing (data from Glassnode). Long-term investors continue to accumulate BTC as the price corrects.

At the same time, the amount of BTC withdrawn from the exchanges yesterday is still higher than the amount withdrawn. ETH is also usually similar to Bitcoin.

According to Coinshare statistics, a total of $ 184 million in crypto investments flowed in the past week. Bitcoin recorded inflows totaling $ 145 million. Next comes the ETH with 25 million dollars.

Overall, on-chain indicators show that investors are still accumulating as BTC corrects. The number of future orders has also decreased significantly. We don’t see any worries from long-term investors. And the market is still good and BTC has recovered slightly. Psychology and strategy in long term investing will help investors choose this strategy that is more stable in the market.