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Bitcoin is below $90,000 now What happened to the News from TRUMP YESTERDAY?
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BlackRock’s model advisor team releases new Bitcoin report Key takeaways from “Why Bitcoin? A Perspective from Model Portfolio Builders”: • Bitcoin as a novel store of value and global monetary alternative • Hedge against USD hegemony and political instability • A play on the shift from offline to online commerce • Boosted by boomer-to-millennial wealth transfer • Potential for diversification and unique risk premia in portfolios • Intrinsic value expected to be increasingly recognized worldwide • Relevance grows in a debt-laden, digital-first, AI-entrenched world Source: Bitcoin News
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Bitcoin’s Accumulation Trend Score has remained below 0.5 for 58 consecutive days, marking an extended period of net distribution. The current streak is approaching the average duration for distribution periods over 1Y window, suggesting it remains in line with prior trends. Over the past year, distribution phases lasted 65 days on average, while accumulation cycles lasted 57 days. In total, $BTC spent 170 days in relative accumulation (>0.5) and 196 days in relative distribution (<0.5). Source: glassnode
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You might not believe this, but sometimes, people make more money in the bear market than in the bull market Most Bull market comes with a lot of manipulation During the bear market, most traders are sure of the market condition and direction and most times, all they need is a perfect entry to place their short positions and make profit We have see more traders who are more profitable in the Bear markets than in the Bull market Which are You?
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