Bitcoin Price: Has BTC Reached The Final Stages Of The Bear Market?
Quelle: Kryptoquant According to the data presented, most coins on the market now were purchased between six and18 months ago. The price of Bitcoin peaked between $30,000 and $60,000 during this time frame. “One of the most valuable variables for analyzing capitulations is Exchange Inflow SOAB. Observing the graph, it is apparent that coins minted between six and 18 months ago have been actively sold recently,” Edris, the author of the berichten, Sagte. He claimed that these coins were purchased for more than $30,000 between April 2021 and April 2022. This signal indicates that many investors who entered the market during the 2021 bull market and over the $30K threshold have just capitulated and exited at a loss of nearly half. According to the graph, even long-term Bitcoin holders liquidated their shares at a loss of about 50 percent. Edris pointed out that this type of mentality might be witnessed when the market is set to bottom out and rebound. Has Bitcoin Hit Bottom? A recent Twitter post by Willy Woo demonstrated once again that the bottom has yet to be reached. This is similar to a tweet he also made on September 14, a day after Bitcoin and the broader financial market fell 12.8% following