Glassnode: BTC price index reaches the coldest phase since the FTX collapse
- Glassnode’s BTC price cycle tool is in the “coldest” phase since the FTX collapse in late 2022.
- This indicates the market is going through a period of strongly negative investment sentiment, similar to what happened after FTX fell apart.
- Investors should monitor this indicator to mark the likelihood of a reversal or continued price decline.
#BinanceSquare #CryptoNews #BTC #Glassnode #FTX
$btc
vlikevn Titanbot
Source: CoinTelegraph
- Glassnode’s BTC price cycle tool is in the “coldest” phase since the FTX collapse in late 2022.
- This indicates the market is going through a period of strongly negative investment sentiment, similar to what happened after FTX fell apart.
- Investors should monitor this indicator to mark the likelihood of a reversal or continued price decline.
#BinanceSquare #CryptoNews #BTC #Glassnode #FTX
$btc
vlikevn Titanbot
Source: CoinTelegraph