Ark Invest Analyst Says Crypto Market Is Completing Its Capitulation

, analyst at American investment management firm Ark Invest, claims that the cryptocurrency market is likely in the process of completing its capitulation based on Bitcoin's net-realized-profit-loss ratio.The metric calculates the net magnitude of profit or loss realized by all holders pending their coins.

Bitcoin's short-term-holder cost basis fell below its long-term cost basis for the fourth time in history. This is yet another indicator that the market has likely reached a cyclical bottom, according to Elmandjra.is stuck in the range between $19,000, the level that represents its investor cost basis, and $23,500, the 200-day week moving average. For now, there is a battle between strong holders and an unfavorable macro environment.

frist give

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bloomberg will invest $85M to fight petrochemical companiesThe petrochemical industry is growing as the world’s population swells and as modern...
Источник: HoustonChron - 🏆 609. / 51 Прочитайте больше »

Bloomberg will invest $85M to fight petrochemical companies expanding into Texas, LouisianaThe petrochemical industry is growing as the world’s population swells and as modern... Great - more Billionaires trying to take away middle class jobs! Keep throwing your money in that firepit! energy AmericaFirst DemocratsAreDestroyingAmerica Bloomberg needs to stay the fuck out of Louisiana and Texas It’s a good start.
Источник: HoustonChron - 🏆 609. / 51 Прочитайте больше »