The trading platform’s results could give an indication for Coinbase’s earnings on May 8.

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The current price of ETH is $1807.15, with a drop of 0.47% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 11.81 million US dollars, with the main liquidation being short orders and ETH liquidation being 4.88 million US dollars (41.31%). The data is for reference only.

In the past 12 hours, the total amount of large market sell orders reached $61.71 million, far exceeding buy orders by $36.52 million, with a net outflow of $25.18 million and a buy to sell ratio of 1: 1.69, indicating that the main funds are significantly short. Especially on April 30th at 20:36, three consecutive large market price sell orders sold a total of $159.5 million, directly pushing the price below the key support level. The current 1-hour cycle K-line shows a cross star, with trading volume shrinking to an average of 43.04%, indicating low fund activity, further confirming the downward trend. The price is currently under pressure below the EMA24/52 moving average, with a downward trend in the medium to long term. Although the MACD bar chart has upward momentum, the KDJ indicator has converged, and the reversal signal has not yet been confirmed. Master the indicators of large transactions, accurately observe the main trends, and quickly lock in the turning point of the market! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

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