AltSZN
5 years in crypto. My very personal journal: wins, losses, lessons, and thoughts along the journey. Nothing but experience and conviction.
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Is BTC about to go through another 'bloody' week?
BTC has been continuously 'bleeding' over the past week when it hit the 60K mark after just a few candles. This period may have caused many participants in the crypto and financial markets to feel confused and raise the question:
What is really happening? Why is everything starting to become unstable at the same time?
So let's see where the money of the big players, the heavyweights, and 'insiders' is going.
I monitor the transactions of insiders every day, especially large volume transactions. And what happened over the past week has been truly remarkable.
What is really happening? Why is everything starting to become unstable at the same time?
So let's see where the money of the big players, the heavyweights, and 'insiders' is going.
I monitor the transactions of insiders every day, especially large volume transactions. And what happened over the past week has been truly remarkable.
How to determine the next cycle bottom of Bitcoin?
Perhaps this is also the question that many crypto players are looking for an answer to:
Where is the bottom of this cycle, and when should one start buying heavily and accumulating BTC?
Personally, the more cycles I go through, the more I realize one thing: just looking at the price to find the bottom is not enough.
If we look back at previous cycles, the time from ATH peak to cycle bottom is quite stable:
Cycle after Halving 2012: ~406 days
Where is the bottom of this cycle, and when should one start buying heavily and accumulating BTC?
Personally, the more cycles I go through, the more I realize one thing: just looking at the price to find the bottom is not enough.
If we look back at previous cycles, the time from ATH peak to cycle bottom is quite stable:
Cycle after Halving 2012: ~406 days
Why did Bitcoin fall from $126,000 to $60,000 without any major bad news?
For the past few months, BTC has been declining in a rather inexplicable manner.
There has been no major crash, no clear negative news, yet the price continues to decline steadily.
Macro factors have an influence, but if we only attribute it to macro, it still doesn’t explain enough.
The issue lies in how Bitcoin is currently being traded.
In the past, BTC prices closely reflected real supply and demand. When more people buy than sell, the price rises, while when selling pressure dominates, the price falls. Everything happened quite directly.
There has been no major crash, no clear negative news, yet the price continues to decline steadily.
Macro factors have an influence, but if we only attribute it to macro, it still doesn’t explain enough.
The issue lies in how Bitcoin is currently being traded.
In the past, BTC prices closely reflected real supply and demand. When more people buy than sell, the price rises, while when selling pressure dominates, the price falls. Everything happened quite directly.
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