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Current crypto market sentiment has not yet attracted bargain hunters and contrarian traders
With the US Bitcoin ETF seeing its first net outflow since early January last week, the closely watched Crypto Fear and Greed Index has entered the "fear" zone, down sharply from its peak in November last year. This shows that the market's relatively stable performance is suppressing investor sentiment. At the current sentiment and market value levels, the market has not yet attracted bargain hunters and contrarian traders.
Bitcoin technical analysis shows that it may form a so-called "death cross", that is, the short-term trend line falls below the long-term trend line, and some people worry that this may indicate a sharp drop in Bitcoin prices. Bitcoin prices once broke through the $100,000 mark after Trump's victory, but are currently stagnant below this key level.
Follow me to take you to learn more about the currency circle information and consultation.
With the US Bitcoin ETF seeing its first net outflow since early January last week, the closely watched Crypto Fear and Greed Index has entered the "fear" zone, down sharply from its peak in November last year. This shows that the market's relatively stable performance is suppressing investor sentiment. At the current sentiment and market value levels, the market has not yet attracted bargain hunters and contrarian traders.
Bitcoin technical analysis shows that it may form a so-called "death cross", that is, the short-term trend line falls below the long-term trend line, and some people worry that this may indicate a sharp drop in Bitcoin prices. Bitcoin prices once broke through the $100,000 mark after Trump's victory, but are currently stagnant below this key level.
Follow me to take you to learn more about the currency circle information and consultation.
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