🎉🎉Good news! Crypto research institution 10X Research recently published an article stating that Bitcoin is currently severely oversold, and the greed and fear index is close to the lowest level, which is usually associated with price lows. 💰💰
🔍🔍Analytically, there are many reasons for the Bitcoin sell-off: Mt.Gox's Bitcoin distribution (estimated value of $9 billion, starting in July), the German government's sale of confiscated Bitcoin ($3 billion), Bitcoin miners selling $2-3 billion, ETFs selling $1.4 billion, Bitcoin OG wallets selling $1.2 billion, etc. The total amount is about $16-18 billion - similar to the Bitcoin ETF inflows so far this year. 📉📉
😉😉 Although some people claim that the recent decline is due to Mt.Gox's fud (and other factors mentioned above), certain structural factors may lead to a deeper decline before rebounding from lower levels. So, Bitcoin friends, it may be time to buy on dips! 🚀🚀