Analyzing The Current Bitcoin Market Cycle
LeClair reacts by saying we are in a traditional bear market, not necessarily a classic bitcoin bear market. All in all, there is substantial support under the current cost and it stays to be seen if there is sufficient bear momentum to break to new lows.Lastly, on the market-cycle timing concerns, LeClair points out an extremely underappreciated market advancement: the collateral type on exchanges has actually primarily switched from bitcoin in previous cycles to now being stablecoins like Tether (USDT) and USDC. We need to expect there to be fewer liquidations in bitcoin when shitcoin bubbles pop, and thats exactly what we see.Bitcoin long liquidations are diminishing due to stablecoin collateralizationWhat is terrific about the Bitcoin Magazine Pro newsletters is they not only look at the bitcoin market but also how macro might be affecting bitcoin. When the rate is below the 200-day moving average, this ratio is listed below 1, and has actually traditionally been a good method to time the market.Bitcoin price weighted by Mayer MultipleOne of the most dense informational charts on Bitcoin Magazine Pro is up next, and that is Reserve Risk. We dive into the impacts on the bitcoin market, exchanges and a future bitcoin area ETF!That does it for this week.
We should anticipate there to be fewer liquidations in bitcoin when shitcoin bubbles pop, and thats exactly what we see.Bitcoin long liquidations are shrinking due to stablecoin collateralizationWhat is fantastic about the Bitcoin Magazine Pro newsletters is they not only look at the bitcoin market however likewise how macro might be impacting bitcoin. When the rate is below the 200-day moving average, this ratio is below 1, and has traditionally been a great method to time the market.Bitcoin price weighted by Mayer MultipleOne of the most thick informational charts on Bitcoin Magazine Pro is up next, and that is Reserve Risk. We dive into the results on the bitcoin market, exchanges and a future bitcoin spot ETF!That does it for this week.