Bitcoin tumbles will be ‘less abrupt’ after realized profit drops 76%
Bitcoin’s daily realized profit metric has fallen 76% after the initial hype about $100,000 Bitcoin began to wane off, according to crypto analysts.
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Bitcoin’s daily realized profit metric has fallen 76% after the initial hype about $100,000 Bitcoin began to wane off, according to crypto analysts.
An analyst says Bitcoin’s correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.”
A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that […]
Bitcoin’s consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.
A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto […]
A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early.
