Investors May Expect Downside For Bitcoin E o mercado de Ethereum durante os próximos 3 meses

Por NewsBTC - hai 1 ano - Tempo de lectura: 3 minutos
Martes, 24 de maio de 2022 ás 11:00

Investors May Expect Downside For Bitcoin E o mercado de Ethereum durante os próximos 3 meses

The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.’

Incluso Ethereum, a altcoin máis popular, pintou unha imaxe similar. As flutuacións bajistas danan os retornos e as marxes de beneficio directa ou indirectamente.

Para empeorar as cousas, a previsión dos mercados de derivados mostra máis descensos nos próximos tres ou seis meses.

According to derivative markets, the prognosis for the next three to six months remains fearful of further fall. On-chain, the report stated that blockspace demand for Ethereum and Bitcoin has dropped to multi-year lows, and the rate of ETH burning via EIP1559 has reached an all-time low.

Glassnode calculated that the demand side will continue to face headwinds due to poor price performance, uncertain derivatives pricing, and extremely low demand for block-space on both Bitcoin e Ethereum.

O informe explica:

Looking on-chain, we can see that both Ethereum and Bitcoin blockspace demand has fallen to multi-year lows, and the rate of burning of ETH via EIP1559 is now at an all-time-low.

Coupling poor price performance, fearful derivatives pricing, and exceedingly lacklustre demand for block-space on both Bitcoin and Ethereum, we can deduce that the demand side is likely to continue seeing headwinds.

Tanto Bitcoin and Ethereum’s price performance over the last 12 months has been disappointing. Long-term CAGR rates for Bitcoin and Ethereum have been impacted as a result of this.

BTC, a moeda criptográfica máis grande, moveuse nun ciclo toro/bajista de aproximadamente 4 anos, que frecuentemente ía acompañado de eventos de redución á metade. Cando se miran os rendementos a longo prazo, o CAGR baixou de case o 200 por cento en 2015 a menos do 50 por cento ao momento de escribir este artigo.

Related Reading | New Data Shows China Still Controls 21% Of The Global Bitcoin Hashrate mineiro

Por outra banda, Bitcoin had a negative 30% return over the short term, implying that it corrected by 1% every day on average. This negative return for Bitcoin is very similar to prior bear market cycles.

When it comes to ETH, the altcoin performed far worse than BTC. Ethereum’s monthly return profile revealed a depressing picture of -34.9 percent. Ethereum likewise appears to be seeing diminishing rewards in the long run.

Ademais, durante os 12 meses anteriores, o CAGR de 4 anos para ambos os activos baixou do 100% a só o 36% para BTC. Ademais, ETH aumenta un 28 por cento ao ano, facendo fincapé na gravidade deste oso.

Para empeorar as cousas, o mercado de derivados advertiu de futuros descensos do mercado. A incerteza a curto prazo e o risco de descenso seguen a ter un prezo nos mercados de opcións, especialmente durante os próximos tres ou seis meses. En realidade, durante a liquidación do mercado a semana pasada, a volatilidade implícita aumentou significativamente.

A análise de Glassnode concluíu afirmando que o actual mercado bajista pasou factura aos comerciantes e investimentos criptográficos. Ademais, o equipo de Glassnode fixo fincapé en que os mercados en crise adoitan empeorar antes de mellorar. Non obstante, "os mercados bajistas si teñen unha tendencia a rematar" e "os mercados bajistas son os autores do touro que segue", polo que hai algo de luz ao final do túnel.

Lecturas relacionadas | TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

Orixe orixinal: NewsBTC