BTC price drawdowns have not even hit 20% this cycle as Bitcoin buyers absorb huge outflows.
Bitcoin in 2024 looks increasingly unlike previous cycles as sellers routinely fail to drive BTC price performance lower after new all-time highs.on X on April 5, Checkmate, the pseudonymous lead on-chain analyst at Glassnode, showed BTC price drawdowns barely hitting 20%.from his charting suite, Checkonchain, he flagged the fact that despite mass profit-taking and reactionary selling at the highs, sellers have — at most — sent the market down 20%.
For contrast, the previous bull market cycle between 2019 and the end of 2021 saw two pullbacks of over 50%, with the COVID-19 outlier from March 2020 at 61.4%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
673 BTC Bought by Bitcoin Whale as BTC Price Eyes ReboundBitcoin whale with accumulation of 4,451 BTC boosts holdings
Baca lebih lajut »
Bitcoin pro traders were unmoved by BTC’s sell-off, data points to new price highsData suggests Bitcoin does not need soaring spot BTC ETF inflows to rally higher.
Baca lebih lajut »
BitMEX whale tanks Bitcoin price to $8.9K during BTC sell-offBitMEX said that its derivatives markets and the prices of the XBT derivatives contracts were not affected by the fluctuation.
Baca lebih lajut »
BTC price nears 2-week highs as volatility clears Bitcoin sell ordersBitcoin rejects near two-week highs as $69,000 remains firmly in place as a BTC price focal point.
Baca lebih lajut »
Nobody Wants to Sell BTC, Analyst Says as Bitcoin's On-Chain Activity LimpsOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Baca lebih lajut »
Bitcoin shows weakness as JPMorgan says BTC sell-off is likely to continueBitcoin (BTC) price is trading with a bearish bias amid dwindling flows from the spot exchange-traded funds (ETFs) market.
Baca lebih lajut »