#我在Gate广场过新年 Bitcoin finds support at the 200-week moving average; a clear macro environment is needed to restart the upward trend
On February 17, according to Wintermute research, as spot trading volume continues to shrink, leverage has become the main driver of short-term volatility. Without "structural buying" (long-term funds capable of absorbing selling pressure) to smooth out fluctuations, the market will experience sharp surges and drops on both the bullish and bearish sides.
From a technical perspective, BTC has found support near its 200-week moving average, which has historically bee