Panic Vs Pandemic: Crypto Market Is More Fearful Than On Black Thursday
Following the Bitcoin and wider crypto crash, investors in the market are now more fearful than they were during Black Thursday in March 2020. Crypto Fear And Greed Index Now Has An Extreme Fear Value of “7” The “fear and greed index” is an indicator that tells us about the general market sentiment among crypto investors right now. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values of the index below fifty imply that investors are fearful at the moment, while those above the threshold mean they are currently....
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Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....
Despite the “Black Thursday” crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth. The comment came during an interview with Fortune hosts Jeff Roberts and Jen Wieczner. During the interview, CZ shared his opinion on several issues, including central […]
Panic struck the crypto market last week when Bitcoin broke below support, stablecoins unpegged from the dollar, and LUNA dropped to zero. The bloody aftermath has left cryptocurrencies as a whole more oversold than the Black Thursday COVID collapse. Here is a closer look at the historically oversold conditions in crypto. Total Crypto Market More Oversold Than Black Thursday It was a bloodbath in Bitcoin, apocalypse in altcoins. Even stablecoins pegged to the price of the almighty dollar were completely shaken. A nefarious actor or group of actors strategically attacked the dollar-peg of....
Time flies. It is hard to imagine that one year ago today, Black Thursday struck Bitcoin and caused one of the largest single-day selloffs in the asset’s short history, but here we are. In honor of all the billions of liquidations that took place that day, all the strong hands that held through the carnage, and the savvy investors who bought the blood in the streets, we’re looking back at that fateful day and how […]
On-chain data shows Bitcoin exchange reserves have sharply increased in value, a sign that the selloff may not be over yet. Bitcoin Exchange Reserve Observes Rapid Rise As pointed out by an analyst in a CryptoQuant post, a high number of coins have entered exchanges over the last day. The “exchange reserve” is an indicator that measures the total amount of Bitcoin currently present in wallets of all centralized exchanges. When the value of this metric goes up, it means the supply on exchanges is going up as investors are depositing a net number of coins. As holders usually....