Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet

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Aso, Tesema 8, 2022 9:00 PM

Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet

A Bitcoin on-chain metric still hasn’t formed the same condition as in the previous bottom, suggesting that the current low may not be in yet.

Stablecoin Exchange Inflows (Top 10) E Le'i Fa'ailoaina ni Spike Talu ai nei

E pei ona faailoa mai e se tagata suʻesuʻe i totonu o le CryptoQuant pou, o le pito i luga o le 10 stablecoin exchange inflows na vaaia le siʻitia i lalo ole Iulai 2021.

O le “stablecoin fefa'ataua'iga (pito i luga 10)" o se faʻailoga e fuaina ai le aofaʻi o fefaʻatauaiga sili ona tele e sefulu o loʻo agai atu i fefaʻatauaiga. O le metric e aofia ai faʻamatalaga o ituaiga uma o stablecoins.

Talu ai o le pito i luga e sefulu fesiitaiga e masani lava mai le faga, e mafai e lenei fa'ailoga ona ta'u mai ia i tatou pe o gaioi tafola i fefa'ataua'iga pe leai.

E masani lava, o tagata teu tupe e sui i fale o manu pe a latou mananaʻo e sola ese mai le faʻalavelave e fesoʻotaʻi ma le tele o isi cryptos. O le taimi lava e lagona ai e nei tagata e sa'o tau e toe ulufale ai i nei maketi, latou te fa'atau i isi tupe siliva e fa'aaoga ai a latou stablecoins, ma maua ai se fa'atauga fa'atau ia i latou.

When the value of the top 10 stablecoin exchange inflows is high, it means whales could be sending large amounts of stables to exchanges for buying other coins. Such a trend could therefore be bullish for the prices of cryptos like Bitcoin.

Ia, o le siata lenei o loʻo faʻaalia ai le tulaga o lenei faʻailoga i luga ole filifili i nai tausaga talu ai:

E pei ona mafai ona e vaʻai i le kalafi o loʻo i luga, o le stablecoin inflows (pito i luga 10) e vaʻaia ma fefaʻatauaʻiga faʻavae ua faʻaalia eseese, talu ai o faʻailoga vaʻaia o mea ia e faʻaaogaina e le au teu tupe mo le faaliliuina o a latou tupe.

It seems like when the Bitcoin bottom formed back in July 2021 during the mini-bear period of the time, the spot exchange version of the metric sharply rose up.

O lona uiga o tafola na auai i ni faʻatauga mamafa i lena taimi ma a latou faʻaagaga stablecoin, faʻapipiʻiina le auala mo se suiga malosi i le BTC.

I vaiaso talu ai nei, o le 10 pito i luga o le stablecoin o loʻo ulufale mai e vaʻaia ai fefaʻatauaiga e leʻi faʻaalia ni gaioiga taua, o lona uiga e leʻo aumaia e tafola se faʻatauga taua.

If the past trend is anything to go by, this could be an indication that the current Bitcoin bottom still hasn’t formed.

BTC Tau

I le taimi o le tusitusi, Bitcoinle tau opeopea e tusa ma le $16.8k, i lalo 2% i le vaiaso talu ai. I le masina talu ai, o le crypto ua leiloa le 18% i le tau.

O le siata o loʻo i lalo o loʻo faʻaalia ai le tulaga lata mai i le BTC:

Punavai autu: NewsBTC