SHIBA Turkey (METAVERSE)
SHIBA Turkey (METAVERSE) 1 minutes reading from Bitcoin

Trends of BTC Instability: Trends of BTC/Crypto Market

Trends of BTC institutional investors after the FTX crisis Looking at the Fund Volume Index, it is unclear whether institutional investors bought or sold while the BTC price fell when the FTX crisis occurred, but it can be seen that the transaction volume increased. Crypto

If you look at the Coinbase Premium Index (-0.13%), you can see that US investors have sold. As a result, when looking at the Fund Asset Index, it is seen that the total amount of coins held by digital assets has decreased.

Crypto

As a result, when looking at the Fund Asset Index, it is seen that the total amount of coins held by digital assets has decreased.

Crypto

Therefore, as there have been many crises in the crypto market lately, we will likely see a period of sideways movement that will last for weeks to months, rather than a short-term reversal of the uptrend.

Crypto

If the 13 to 14k level, which is an important support line, can be maintained, BTC is likely to recover. However, if the 13,000 level is lost, the price could drop as low as 10,000. Crypto

This post is based on this twitter thread.

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