Analysis: Some funds are trying to enter the market to absorb BTC selling pressure, and market panic has not escalated further.
BlockBeats News, November 13th, on-chain analyst Murphy released BTC data analysis. With the end of the U.S. government shutdown, market panic eased slightly, but BTC has not yet seen a rapid rebound. There are two bullish aspects in the on-chain data of BTC: the balance of BTC within Binance has started to decrease, indicating that some funds are beginning to gradually enter the market, digesting potential selling pressure; yesterday, after BTC's price rebounded to $105,000, it fell again, realizing a loss of $170 million on that day. Compared to $540 million on November 4th and $350 million on November 7th, although the BTC price is similar, the realized loss amount has significantly decreased. Market sentiment is gradually adapting to the weak performance of the market, and panic sentiment has not further intensified.
There are still two unfavorable aspects in BTC's on-chain data: according to the purchasing power monitoring data within the Binance platform, the market has not yet entered an effective recovery stage, and bottom signals have not yet appeared; on-chain data shows that new BTC investors are transitioning from the previous rush into the market to gradually slowing down.
Based on long-term experience, new investors in this cycle are one of the core driving forces of BTC price. When the increase in demand begins to slow down, it indicates that investors' risk appetite is decreasing. Overall, market confidence is recovering, but it takes time. Currently, we are in a sensitive period of fragile market sentiment, where the impact of any fundamental news will be magnified. Analysts believe that BTC will likely maintain a period of weak performance for a while.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.