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

Ku NewsBTC - 1 year ago - Reading Time: 2 menit

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) Teu Nembongkeun Spike Sakur Anyar

Salaku nunjuk kaluar ku analis dina CryptoQuant a kalungguhan, luhureun 10 inflows bursa stablecoin nempo naék salila handap Juli 2021.

The "stablecoin bursa inflows (luhureun 10) "mangrupa indikator anu ngukur jumlah tina sapuluh transaksi stablecoin panggedéna anu nuju bursa. métrik ngawengku data sakabeh tipe stablecoins.

Kusabab luhureun sapuluh mindahkeun biasana ti paus, indikator ieu bisa ngabejaan urang naha paus aktip dina séntral atanapi henteu.

Biasana, investor mindahkeun ka istal nalika aranjeunna hoyong kabur volatility pakait sareng paling cryptos lianna. Sakali Panyekel ieu ngarasa yén harga anu katuhu pikeun asup deui pasar ieu, aranjeunna meuli kana koin séjén ngagunakeun stablecoins maranéhna, sahingga nyadiakeun tekanan dibeuli ka aranjeunna.

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.

Ayeuna, ieu bagan anu nunjukkeun tren dina indikator on-chain ieu dina sababaraha taun ka pengker:

Sigana mah nilai métrik geus muted dina poé panganyarna | Sumber: CryptoQuant

Sakumaha anjeun tiasa tingali dina grafik di luhur, anu inflows stablecoin (luhureun 10) pikeun spot jeung séntral turunan geus ditampilkeun misah, saprak platform spot naon investor ngagunakeun pikeun ngarobah koin maranéhanana.

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.

Ieu ngandung harti yén paus ilubiung dina sababaraha beuli beurat dina mangsa éta kalawan cadangan stablecoin maranéhanana, paving jalan pikeun ngabalikeun bullish di BTC.

Dina minggu-minggu ayeuna, 10 luhur stablecoin inflows ka spot bursa teu nembongkeun sagala gerakan signifikan, nu hartina paus teu nyadiakeun sagala tekanan dibeuli signifikan acan.

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

Harga BTC

Dina waktu tulisan, Bitcoinhargana floats sabudeureun $16.8k, turun 2% dina minggu panungtungan. Dina sabulan katukang, crypto parantos kaleungitan 18% dina nilai.

Bagan di handap ieu nunjukkeun tren panganyarna dina BTC:

Nilai crypto sigana parantos turun dina sababaraha dinten terakhir | Sumber: BTCUSD dina TradingView Gambar unggulan ti Kanchanara on Unsplash.com, grafik ti TradingView.com, CryptoQuant.com

sumber aslina: NewsBTC