A prominent encryption analyst said that Bitcoin has suffered an important incident as Bitcoin’s public interest in coin has plummeted almost 20 percent and cut about $ 12 billion.
BTC’s public concern may seem harmful to coins, but the crypto analyst DarkFost thinks that purification is essential for the “strong continuous”, which means that if history is repeated, it can provide opportunities for investors in the short term.
According to cryptocurrency analysts, Bitcoin’s almost $ 12 billion public interest shaket out this month may be a catalyst for assets to restore upward momentum.
catalyst
According to CoingLass’s data, the public interest of Firstborn Crypto decreased 19%.
DarkFost said, “After a recent panic in the event of political instability related to Trump’s decision, we witnessed a large -scale liquidation of the location of Bitcoin.
Source: Coinglass
Analysts said that more than $ 10 billion was erased in two months, with about $ 10 billion erased between February 20 and March 4.
Darkfost argued that the wapout experienced by BTC earlier this month could serve as a catalyst for coins to regain the amount of exercise that encryption can move up.
The analyst said, “This can be considered a natural market reset, an essential stage for maintaining optimistic continuous continuation.
season
DarkFost suggested that the recent trials faced by Bitcoin could be advantageous for encryption in the next few months.
The analyst added that the 90 -day disclosure of the 90 -day public and change is changed to the moment when it is changed to be a negative, so that the current 90 -day change of Bitcoin futures has plunged and is currently sitting at -14%.
Analyst added, “This past Dives Reversing provided a good opportunity in the mid -term, in the short term in the historical trend.”
The influence of the Federal Reserve Bank
Some experts say that the Federal Reserve Bank’s actions can affect what will happen next to Bitcoin.
Today’s Federal Open Market Committee meetings can add more volatility to encryption if there is something unexpected in monetary policy.
Bitget’s chief analyst Ryan Lee explained that if the federal open market committee meeting was surprised on March 19, Bitcoin is already emerging at $ 80,000, and more volatility can be expected at coin prices and open interest.
“The market expects the Fed to maintain a stable interest rate, but unexpectedly signals can put pressure on Bitcoin and other risk assets.”
Press Time’s current interest in Bitcoin has reached $ 49.02 billion, which has increased by about 6.5% over the last five days.
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