opinion

On-chain indicators show no signs of a new BTC rally...still in correction.

btc bitcoin blockchin On-chain indicator sign bearlish (SpotedCrypto)

According to CoinDesk, CryptoQuant reports that "A comprehensive look at several on-chain indicators suggests that the BTC price correction is far from over, or at least there are no signs of a new rally beginning. Short-term investors and whales are still selling BTC with a risk-off attitude. The unrealized profit margin hasn't even come down enough to trigger a sell-off." "While the initial success of the BTC spot ETF launch is clear, the market is not immune to the possibility of a pullback. The BTC price is down 15% since the launch of the spot ETF, likely due to Grayscale's GBTC outflows."

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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