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Bitcoin is approaching the “death cross.” What does that mean?
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This is my analysis, how do you see it?
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$BTC dropped below $96,000 Bitcoin briefly fell below $96,000. As the price went down, money started leaving the funds again — yesterday investors pulled out $869.86 million from BTC ETFs (the second-largest outflow ever). At the same time, traditional markets also fell — the U.S. stock market lost about $1 trillion in value in one day. Meanwhile, the fear and greed index dropped to 16 points, showing extreme fear.
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When altseason?😕
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In this chart, you can see that after the elections, small investors are gradually selling their BTC, while the whales are accumulating it. In summary, while retail investors are taking profits, the big players are buying and building their positions. And usually, after this kind of phase, the market tends to enter a new growth stage.
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