post describes the Mayer Multiple and the 200DMA and how they can signal a bear or bull market. “When prices trade below the 200DMA, it is often considered a bear market,” Glassnode’s analysis notes. “When prices trade above the 200DMA, it is often considered a bull market.” Additionally, Glassnode leverages data like “realized price,” “realized cap,” and the market value and realized value oscillator .
“The 30-day position change of the realized cap allows us to view the relative monthly capital inflow/outflow into theasset on a statistical basis,” Glassnode’s blog post explains. “By this measure, bitcoin is currently experiencing the largest capital outflow event in history, hitting -2.73 standard deviations from the mean. This is one whole SD larger than the next largest events, occurring at the end of the 2018 Bear Market, and again in the March 2020 sell-off.
Glassnode has been researching and discussing the current bear market for quite some time and on June 13, it published a
More bitcoin for me then. Got enough usdt now to buy hella lot of btc when it crashes again
Seems it can cost even less usdt soon...
So? The cheaper it gets, the more BTC we can accumulate. 'We' as in those of us with real conviction.
¯\\_(ツ)_/¯
Do not fear Bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets If you aren’t following Btc_67 you should be. There aren’t many who have a better understanding of value investing, great TA
Gud
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