[Market stabilizes, negative news falls, how to view market trends] 🔥
Bitcoin stands strongly at $63,000, and major altcoins start a crazy rebound. Friends who have read my articles before should know that I have been emphasizing that it is the best time to ambush spot. Calculate, the average high-quality altcoins are nearly 20 points.
Today, Matt Sigel, head of digital asset research at VanEck, posted on social media that "Bitcoin net unrealized profit/loss (NUPL) is about to break through 0.5, which is a key sentiment shift. When this happened last on February 8, Bitcoin B took 34 days to rise from $45,000 to $73,000. USD (+62%). This is a favorable data indicator. Whether it can replicate a wave of crazy rise, we will wait and see.
In terms of sentiment index, the greed and fear index once fell to 25, which is the lowest point since FTX went bankrupt. This is an important reference indicator for spot investment. As the saying goes, others are fearful and I am greedy. There are bloody chips everywhere. From the chain point of view, whales have been buying in large quantities in the past few days, and Bitcoin ETF has also continued to be net for six days. It can be said that it is a good time to start with medium- and long-term spot. Today's sentiment index has soared to 52.
Continue to be optimistic about the market outlook! $BTC