Bitcoin Holders Bracing For A Crypto Winter Bottom Should Check These Data
Bitcoin bulls continue to feel the pinch as the currency has dropped 8.17 percent in value over the past seven days. BTC investors are looking forward to a market bottom, and Glassnode claims that the market has bottomed out. Nonetheless, whales and major institutions are currently in the accumulation phase, so it doesn’t matter if the market has bottomed out or is bottoming out right now. A research states that this accumulation indicates whales are increasing their purchases rather than preparing their portfolios for a sale. The indication for whales to buy more is a bull green....
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From waiting for Bitcoin prices to go lower to hoping that the fun goes on, community members shared their thoughts on crypto prices. Buying the dip instantly becomes a nightmare when crypto prices go down even further as the bear market continues its onset. However, recent dips show that current prices may potentially be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question — is the bottom in? Could you please stop jinxing my shorts?— Stoic Trader (@stoic_traders) September 22, 2022 From bracing for further impact and....
Bitcoin is among the assets that have shown high volatility in the current crypto bear market. Recently, the price of BTC has been hovering around the $20K level. However, the uncertainty with the leading cryptocurrency, most of its long-term holders have not shown any deviation from the token. Hence, they don’t seem to have taken a position. Data from Crypto Quant, an on-chain analytics firm, noted some sales from BTC holders irrespective of its low price. However, the sentiment for the present BTC sell-offs lies in the expectation of more drops in Bitcoin price. This is contrary to....
The winter of 2022-2023 is more than a headache for politicians and EU citizens — crypto hodlers worldwide may see a tangible impact, says Decentrader's Filbfilb. Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe.That was the conclusion of a veteran crypto market analyst this week, with BTC/USD failing to reclaim $20,000 support.In an interview with Cointelegraph, Filbfilb, creator of trading suite Decentrader, forecast a potential BTC price bottom coming in at as low $10,000 in 2022.As the European energy crisis intensifies,....
Bitcoin price remains stuck below its former all-time high set five years ago. The shocking decline has been one of the worst crypto winters on record, and the market is bracing for continued meltdown. However, a series of on-chain indicators in BTC could provide clues to how close we are to a bottom. Let’s take a look. A Series Of Six On-Chain Indicators Shout: Bitcoin Bottom Is In Bear markets are brutal in Bitcoin or otherwise, because the bottom is only known in hindsight. The feeling that markets will fall forever, creates a fear that freezes investors from buying at long-term....
On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset. Ethereum Percentage Of Holders In Loss Has Surged Recently According to data from the market intelligence platform IntoTheBlock, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking even. The metric determines whether....