š¢ ARK Fund's in-depth observation of the Bitcoin market is revealed!
š§ Hey, everyone! ARK Fund recently did some super interesting analysis on Bitcoin. Did you know that after Germany liquidated their Bitcoin, the market seemed to have fallen too far and entered the so-called "extremely oversold" state. How did they analyze it? They determined it by looking at the inflows and price fluctuations of the Bitcoin spot ETF.
š ARK Fund found that despite the influx of funds into the Bitcoin ETF, the price fell much faster than the outflow of funds, which may mean that the market reaction was a bit extreme.
š They think that this mismatch between price and inflow is likely because Germany is selling Bitcoin. Moreover, some analysts predict that the storm will not really end until all the Bitcoins of Mt.Gox are sold.
š But even so, ARK Fund still believes that Bitcoin has now fallen to an overvalued range. This is clear from the market. A few weeks ago, the price of Bitcoin was only $53,000, and now it is almost back to $68,000. Some people even predict that Bitcoin may hit a record high next week!
š¤·āāļø Although the analysts' opinions are of certain reference value, I still recommend that you don't focus too much on short-term price fluctuations. If you know why you want to invest in Bitcoin, your returns will definitely not be bad in the long run.
š In short, instead of watching the price go up and down every day, we should see the long-term value and potential of Bitcoin. This is the kingly way of investing, isn't it?
š¬ So, what do you think? Will you follow the advice of ARK Fund and look at the long term, or will you be disturbed by short-term fluctuations? Tell me your thoughts in the comments section and let's chat together! #ARKåŗé #ęÆē¹åøč¶ å #ęčµå»ŗč®®
