- It may be a good idea to buy more in panic times throughout the market, and the recent FUD wave is a good purchase opportunity.
- Hiking of CDDs with nearly $ 100K BTC over the last two weeks
According to AMBCRYPTO’s recent analysis, Bitcoin (BTC) may not have reached the bottom yet. This seemed to be true in the prestation time, with a 24 -hour length/short ratio blinking a read value of 0.91.
The shorts of TAKERS account for 52.35%of the amount, showing weak feelings.
Source: Santiment Insights
In the Santiment Insights Post, the user Brian pointed out that negative and weak social media participation is the best time to buy more encryption.
The market violates the majority of expectations and where can the market head next?
Bitcoin holders and buyers do not need to be embarrassed
Source: Santiment
According to the November social volume data, spikes of participation related to sales in encryption spheres have actually increased prices. On November 12 and 13, more sales were sold as Bitcoin approached $ 90K. But King Crypto quickly raced $ 1 billion.
Another example was a short -term integration of about $ 95K in the first week of December. Participation in the weak moved to $ 102K two days later, and later emotions were accompanied by subsequent modifications.
The most recently weakened social volume spike occurred on February 3. The bounce quickly collided from $ 92K to $ 102K. But since then, the short -term trend has been weak.
Source: cryptoquant
The recovery of the weakness has not occurred over the last week. BTC’s Coin Day Destruction (CDD) Metric has moved a significant amount of bitcoin from February 3-5, which was more likely for sales purposes.
This hike saw the increase in the moving average. However, the overall average moving average has declined from mid -November. Demand has also decreased over the past two months. CDDs and demand growth indicators have tended to increase sales/profits in recent weeks.
Source: TradingView’s BTC/USDT
During this period, the BTC was traded within the range. Investors may start to wonder if this is similar to the distribution stage before the next legs are raised.
Source: TradingView’s BTC.D
Another factor that worsened weakness is that the performance of the market in the market is not good. This is explained by the rising bitcoin domination of the total market cap.
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Market Fud suggested that investors should buy more encryption, but the BTC.D chart signaled that it could be less dangerous to buy BTC. Individual coins can shine, but Altcoin can generally be well performance.