On Monday, the encryption market has destroyed more than $ 2 billion in positions, experiencing the claim as the largest liquidation event in history. Among the demand for the colloquial altcoin season, analysts are divided into whether the February is the moon or whether the encryption market should wait until April.
Controversy and predictions indicate how the past market conflicts and sectors responded, such as market collisions in 2020 and 2022.
Analysts are weighing on the encryption market recovery timeline.
Beincrypto reported on the historic $ 2 billion liquidation event on Monday, when US President Donald Trump’s tariffs were caused. When it happened, the president signed a contract with Canada and called for some recovery in the market.
But analysts are not sure that even if others demand the Altcoin season, the market recovery is here.
Blockchain analyst Mahwe Hyland emphasized that it would take time to recover by sharing insights into the market downturn. He emphasized that Bitcoin (BTC) was not decomposed, but Altcoin suffered greatly and caused a historical liquidation case. He represents the degree of damage maintained by the Altcoin market.
According to Hyland, a large -scale liquidation event meant that the bottom of the market hurts, but it cannot be returned yet.
Hyland said, “If you think that this is the largest liquidation event in cryptocurrency history, it may mean that it can be low. However, in 2020 and 2022, it took two months to fully recover.
Controversial analysts also pointed out that most Altcoin’s best in December will no longer come back for more than two months. Based on this outlook, Hyland added that it took a few weeks even a V -shaped recovery like 2020 to meet their expectations to meet their expectations.
Another technical analyst, Cryptocon, rebounded the feelings of Hyland. He explained the event as a major shakeout for excessive traders. The analyst admits that the cycle is progressing well, but did not suggest imminent recovery.
“What happened in February with good performance? Still inbound, cycle progresses well. It is clear that people do not want to crave Altcoin in 100X of the bull market. ”
The view of the Cryptocon is consistent with other analysts, including ROVER, that the trajectory remains the same. In X’s post, Cryptorover emphasized that Altcoins will soon go to “parabol”.
Controversy over Altcoin season in February
On the other hand, as with Cryptocon, February feelings remain positive among other analysts, including trader Merlijn. In the related posts, the analyst is February altcoin seaTherefore, market recovery. Analysts cite past data that suggests that Altcoin Rallies has begun in February, and this cycle should not be different.
“Altcoin season starts in February! History does not lie and does not do charts, ”Merlijin said.
Others point out the dominion of Bitcoin as a key indicator, and set the stage of the Altcoin season, pointing out that there is almost the top of this metrics. Similarly, the analyst coinvo repeated emotions.
Coinvo said, “Altcoin Season has always been in February and this cycle will not be different.
Another encryption analyst, Devkhabib, provided a contrasting perspective that emphasized Bitcoin in February with a good moon. Analyst has identified $ 91,000 as an important support floor for Bitcoin prices. He emphasized that the price rebounded strongly, expressing optimism about the future of the market.
“It seems to be strongly supporting BTC by popping the BTC. We hope that you will continue to pay more than $ 94,000 so that the market can recover slightly. February is usually green, and we still think it will still be strong. The start creates a good ending. ”
In addition, according to the data from Intotheblock, the range between $ 95,620 and $ 98,505 shows significant support for Bitcoin prices.
The effort to extract under this level will be fulfilled by purchasing a pressure of approximately 1.74 million addresses that purchased BTC for an average of $ 97,195.
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