Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

Od NewsBTC - prije 1 godinu - Vrijeme čitanja: 3 minute
Uto, 24. svibnja 2022. 11:00

Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

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.’

Čak je i Ethereum, najpopularniji altcoin, naslikao sličnu sliku. Medvjeđe fluktuacije izravno ili neizravno oštećuju povrate i profitne marže.

Da stvar bude gora, prognoze tržišta derivata pokazuju još padova u narednih tri do šest mjeseci.

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 i Ethereum.

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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.

Oboje 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, najveća kriptovaluta, kretala se u otprilike 4-godišnjem ciklusu bik/medvjed, koji je često bio popraćen događajima prepolovljenja. Gledajući dugoročne povrate, CAGR je pao s gotovo 200 posto u 2015. na manje od 50 posto u trenutku pisanja ovog teksta.

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Nadalje, 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.

Nadalje, tijekom prethodnih 12 mjeseci, 4-godišnji CAGR za obje imovine pao je sa 100% na samo 36% za BTC. Također, ETH raste 28 posto godišnje, naglašavajući ozbiljnost ovog medvjeda.

Da stvar bude gora, tržište derivata upozorilo je na buduće padove tržišta. Bliskoročna neizvjesnost i rizik pada i dalje se procjenjuju na tržištima opcija, osobito tijekom sljedećih tri do šest mjeseci. U stvarnosti, tijekom rasprodaje tržišta prošlog tjedna, implicirana volatilnost značajno se povećala.

Analiza Glassnodea je zaključena izjavom da je sadašnje medvjeđe tržište uzelo danak kripto trgovcima i investitorima. Nadalje, Glassnode tim je naglasio da se tržišta u padu često pogoršavaju prije nego što se poboljšaju. Međutim, 'medvjeđa tržišta imaju tendenciju završetka' i 'medvjeđa tržišta stvaraju bika koji slijedi', tako da postoji malo svjetla na kraju tunela.

Srodno čitanje | TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

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