Tammy44
Crypto | Trading | Web3 | Binance enthusiast
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3 signals that indicate to us that Bitcoin could enter an accumulation zone
Bitcoin BTCUSD benefited from the recent ceasefire announcement, with a price increase of nearly 4%, surpassing $71,000.
In this rebound context, several on-chain indicators converge towards what analysts describe as an accumulation setup for Bitcoin.
Key indicators on Bitcoin suggest the arrival of smart money
According to data from CryptoQuant, the Momentum of Active Addresses for Bitcoin has dropped to -0.2, indicating a decline in participation. This value is the most extreme since 2018.
"When we observe this collapse in activity, we can confirm that the 'tourists' — investors who buy based on hype and sell in panic — the famous STH, are no longer present. What remains on the network are long-term holders who are accumulating," wrote an analyst.
The analyst added that historically, these periods often coincide with "the most profitable long-term accumulation bases." In this context, the apparent "silence" on the network signals that the available supply is gradually being absorbed.
"A market characterized by low volatility and low speculative activity constitutes an ideal environment for smart money and institutions, allowing them to accumulate significant positions without causing erratic movements in the nominal price," can be read in the post.
Furthermore, Rand Group noted that during previous periods where 80% to 90% of the capital invested in Bitcoin was underwater, some of the best entry points in years have emerged.
Finally, Joao Wedson, founder of Alphractal, pointed out that the Tactical Bull-Bear Sentiment Index (TBBI) over 720 days has fallen into extreme bearish trend territory.
#crypto #AnalyseFondamentale #BTC☀
Bitcoin BTCUSD benefited from the recent ceasefire announcement, with a price increase of nearly 4%, surpassing $71,000.
In this rebound context, several on-chain indicators converge towards what analysts describe as an accumulation setup for Bitcoin.
Key indicators on Bitcoin suggest the arrival of smart money
According to data from CryptoQuant, the Momentum of Active Addresses for Bitcoin has dropped to -0.2, indicating a decline in participation. This value is the most extreme since 2018.
"When we observe this collapse in activity, we can confirm that the 'tourists' — investors who buy based on hype and sell in panic — the famous STH, are no longer present. What remains on the network are long-term holders who are accumulating," wrote an analyst.
The analyst added that historically, these periods often coincide with "the most profitable long-term accumulation bases." In this context, the apparent "silence" on the network signals that the available supply is gradually being absorbed.
"A market characterized by low volatility and low speculative activity constitutes an ideal environment for smart money and institutions, allowing them to accumulate significant positions without causing erratic movements in the nominal price," can be read in the post.
Furthermore, Rand Group noted that during previous periods where 80% to 90% of the capital invested in Bitcoin was underwater, some of the best entry points in years have emerged.
Finally, Joao Wedson, founder of Alphractal, pointed out that the Tactical Bull-Bear Sentiment Index (TBBI) over 720 days has fallen into extreme bearish trend territory.
#crypto #AnalyseFondamentale #BTC☀
Technology is evolving and crypto is adapting. No need to panic except Satoshi 😅
CZ
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Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
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