Willy Woo: 'Peak fear' but on-chain metrics say it’s not a bear market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

On-chain Bitcoin analyst Willy Woo argues the metrics show BTC is not in a bear market and that the price is being driven by institutional futures traders instead of the strong number of hodlers and accumulators.

In the short term, Woo noted that “you don’t often get this kind of pullback without it relief bouncing” and that a potential capitulation down to the $20,000 doesn’t appear feasible as it would replicate the 2018 crash into a bear market in the space of just three months as opposed to a year.

Woo suggested that the increasing influx of mainstream traders and roll out of BTC futures markets over the past few years has significantly changed the market structure of BTC in which the price directly correlates to “risk-on risk-off from macro traders looking at traditional stocks.”

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

All thanks to Cavalier for restoring my happiness in my darkest days, I started crypto with $10,000 and to my greatest surprise I'm holding over $50,000 within few weeks, despite the dips DM/Follow Cavalier_Ch for his tweets interested persons only.

I’m Trading $1,000 to $5,500 target In the next 10 days. We will work on future & Coin-Pumps bot Started 2 ago, already at $1,187 profits. 📲Who Wants To Join Can DM🧑‍💻 /Follow Cavalier_Ch for his tweets

Moon Vault, an exciting new Multichain Yield Aggregator. 📓Brewlabs Audit & Rugdoc KYC 🎯Intuitive UI and transparency in community 💰Vaults with only 4,5% profit fee ⛓Chains: BSC, Polygon, Fantom, Harmony, Cronos 🔐Vault examples: BANANA (APY 263.08 %) 📱Telegram: Moon_Vault

Have a VIP access to the first decentralized island🔥🏝 This CryptoIslandInc NFTs will be given to you when you join the crowd funding through DAO. Be an islander! Join us! CryptoislandDAO CISLA Cryptoisland IslanderElites

when has an og ever mentioned the word bearish ?

Good news. Hope it will go up soon.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 562. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen