Bitfinex hearings are on the decline in BTC trading volume, investors must be alert to recent risks

According to TokenGazer data analysis, as of 17:00 on July 29, the BTC price was $9,550.39, the market value was $170,528.2M, and the mainstream exchange 24H BTC transaction volume was about $793.84M, which remained stable and volatile; BTC reduced to 8 today. Minutes below, miners can produce more BTC; BTC active addresses show a continuous downward trend, market share ratio remains stable, currently about 64.49%; BTC and other mainstream currencies maintain a downward trend; BTC futures open There has been a certain decline in volume.
The results of Tether are still unclear. UTC's bitcoin volume dropped sharply on July 28th. Investors should pay attention to the hearings of Bitfinex and Tether tonight. UTC 28th 22:00-23:00, bitcoin prices fell first and then rose, one hour of volume accounted for half of the whole day. In the middle of the decline, there were not many active offers on Bitfinex. When the price fell to around $9100, there were a lot of sell orders on Bitfinex, most likely stop orders. After these sell orders, the price of Bitcoin rose rapidly.