The panic has reached its peak and declined, with Bitcoin showing signs of concentrated bottom buying near $80000

According to BlockBeats news, on March 19th, on chain data analyst Murphy released a chart analysis stating that "based on the realized loss scale (including on chain losses and losses transferred to trading platforms) caused by the two waves of decline on February 28th and March 10th, the second wave is significantly smaller than the first wave. However, the second wave of decline is deeper, but there are no more loss making stocks due to lower prices, indicating that panic sentiment has peaked and declined after reaching its limit. At the same time, we also observed that during the second wave of pullback, active buying of BTC spot on Coinbase from March 7th to March 13th began to increase, indicating that American investors are still interested in BTC around 80000 yuan. During the decline, there was a concentrated willingness to buy at the bottom. From these two aspects, the current panic has gradually subsided, and the data is ahead of the price, reflecting some expectations for the short-term market. But the price has not yet clearly reflected this emotional shift, perhaps the market is waiting for an opportunity From a macro perspective, the data released at the Federal Reserve's interest rate meeting at 2:00 am on the 20th and Powell's subsequent speech may be an important milestone. As long as the situation is not unexpectedly bad, based on the current data, I believe that there are conditions for a short-term rebound. Whether it is a weak rebound or a strong rebound depends on how the market interprets it. Sharing is only for learning and exchange purposes and should not be used as investment advice