Is Bitcoin mirroring its previous market recoveries? VanEck thinks so…

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

According to VanEck analysts, BTC could be ripe for a recovery amid reducing miner sell-offs, increased network activity and decline...

Analysts cited strong network activity and a decline in funding costs in BTC Futures, the world’s largest digital asset has shown remarkable resilience lately. It is, in fact, now mirroring its earlier market recoveries, it said.that BTC’s strong network activity and a drop in future funding costs could be signs of a likely strong recovery.

“Over the past 30 days, the 7 DMA annualized cost of funding Bitcoin futures has dropped from ~11.6% to ~8.8% for a relative decline of ~24%. These levels indicate a risk appetite similar to those seen during market recoveries following 20%+ BTC price drops in early May and July of this year.” However, the analysts noted that the recent drawdowns were normal retracements during BTC bull markets.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 22. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

VanEck CEO: ‘Bitcoin will be half of gold market cap,’ can hit $350KBitcoin could hit $350k per coin if it hit a half of gold's total market cap, according to VanEck CEO projection.
ソース: CryptoAmb - 🏆 22. / 68 続きを読む »

Crypto whale scoops up 84,000 BTC in July: Bullish market shift?Crypto whales have significantly increased their Bitcoin holdings in the past month, accumulating over 84,000 BTC.
ソース: CryptoAmb - 🏆 22. / 68 続きを読む »