CoinKarma data shows that the market pulls back when BTC liquidity reaches 3,000

According to Shenchao TechFlow, on September 19, CoinKarma's "10% Overall Liquidity" indicator showed that since June this year, when sellers' liquidity reached 3,000 BTC, the market experienced a significant pullback. Specific data shows that BTC pulled back 11% from $110,340 to $98,400 on June 10, 8% from $121,300 to $112,130 on July 22, and 14% from $124,500 to $107,300 on August 14. Historical data show that this liquidity level may be an important warning signal for a short-term market pullback, and investors are advised to pay close attention.