10X Research, an encryption research institution, published an article stating that Bitcoin is currently severely oversold: After some altcoins experienced fluctuations, KOLs suggested that fans buy on dips, and the greed and fear index is close to the lowest level, which is usually associated with low prices!
There are many reasons for the Bitcoin sell-off: Mt.Gox's Bitcoin distribution (estimated value of $9 billion, from (July) German government selling $3 billion of confiscated Bitcoin!
Bitcoin miners selling $2-3 billion, ETFs selling $1.4 billion, Bitcoin OG wallets selling $1.2 billion, etc!
Assuming a total of $16-18 billion - similar to Bitcoin ETF inflows so far this year. Previous insider trading signals provided multiple signals to sell Bitcoin!
While many claim the recent drop is due to Mt.Gox's fud (and other factors mentioned above), there are structural factors that will cause a deeper drop before a possible rebound from lower levels!
#Mt.Gox将启动偿还计划 #MegadropLista #CryptoTradingGuide #MicroStrategy增持BTC #美联储何时降息？
