🔷 $BTC : 70/30 odds of growth
CryptoQuant found 10 days in history with on-chain activity almost identical to today’s. 90 days later, BTC was worth more in 7 cases, while in 3 it had fallen by 32.8–43.1%.
BTC is 39.25% below its record closing high of $124,710. On November 8, it touched $73,708. Liquidations over 24 hours: $855.69 million, 90.2% of which were longs. US employment: 165K, against a forecast of 59–65K. The chance of a rate hike in December rose to 76.8%.
A 7-to-3 ratio sounds encouraging, but the usual statistics since 2012 put it at 59.5%. There’s almost no difference, and the sample is tiny. Personally, I don’t see a forecast here, but a reminder: BTC has a fat risk tail.
Which scenario seems more likely to you: a repeat of 2020 or 2022? 👇
#CryptoRay #BTC
CryptoQuant found 10 days in history with on-chain activity almost identical to today’s. 90 days later, BTC was worth more in 7 cases, while in 3 it had fallen by 32.8–43.1%.
BTC is 39.25% below its record closing high of $124,710. On November 8, it touched $73,708. Liquidations over 24 hours: $855.69 million, 90.2% of which were longs. US employment: 165K, against a forecast of 59–65K. The chance of a rate hike in December rose to 76.8%.
A 7-to-3 ratio sounds encouraging, but the usual statistics since 2012 put it at 59.5%. There’s almost no difference, and the sample is tiny. Personally, I don’t see a forecast here, but a reminder: BTC has a fat risk tail.
Which scenario seems more likely to you: a repeat of 2020 or 2022? 👇
#CryptoRay #BTC
