Bitcoin Fundamental Expert Breaks Down Why The Bottom Is In

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Bitcoin Fundamental Expert Breaks Down Why The Bottom Is In

Roep die onderkant in Bitcoin is geen maklike taak nie. Pryse is geneig om meer dramaties en vinniger te daal as waarop enigiemand voorbereid is en is die beleggingsekwivalent daarvan om 'n vallende mes te vang.

Yet if anyone is equipped to accurately call the bottom in crypto, it would be Charles Edwards, fund manager and Bitcoin fundamental expert, responsible for creating some of the most famous tools in crypto. 

Meet The Creator Of The Most Profitable Bitcoin Koop Sein

Alhoewel jy dalk nie Charles Edwards by die naam ken nie, het jy dalk al van sy gereedskap gehoor. Die Hash linte, once known as the most profitable signal in Bitcoin ever, is among his custom toolset of crypto-specific indicators. 

In 'n onlangse Twitter draad, Edward onthul 'n reeks on-chain seine wat 'n sterk saak bied oor hoekom die beermarkbodem in kripto in kan wees. 

Onder die argumente wat gemaak is, sluit in die prys per BTC wat onder die elektriese koste van die opwekking van elke munt daal, plus MVRV-Z-telling en langtermyn-NUPL is op vorige beermarklaagtepunte. 

Bitcoin briefly traded below its electrical cost | Source: BTCUSD op TradingView.com

Aan-ketting omhulsels vir die onderkant van die beermark

Entity-adjusted dormancy flow is at an all-time low, and we’ve reached the third-highest BTC miner stress event ever. Past events were back when BTC traded at $290 and $2. Bitcoin Energy Value is also at the deepest price discount it’s ever seen. 

Entiteit-aangepaste dormansievloei is op die laagste vlak ooit | Bron: Glasknoop

Edwards also cites that stablecoin capital is sidelined in USDT and USDC and hasn’t left the industry due to FTX — its just waiting for a reversal to reenter safely.  He also points to miner capitulation in the Hash Ribbons. 

Die enigste probleem is dat die vorige winsgewende sein die laaste keer dat die instrument afgevuur het, geen positiewe resultate vir die eerste keer since it was created. Will this signal redeem the indicator?

Sal hierdie komende koopsein die ding doen? | Bron: BTCUSD op TradingView.com

Bitcoin price is trading at approximately $17,000 per coin, or roughly 77% down from all-time highs. Past drawdowns concluded at 96%, 86%, and 84%. What will the final number be for this market cycle?

Voorgestelde beeld van iStockPhoto, grafieke van TradingView.com

Oorspronklike bron: NewsBTC