Bitcoin Investors Show Unusual Fear Amid Market Volatility, Possible Bounce Anticipated According to CryptoPotato, cryptocurrency investors have shown high levels of fear and uncertainty towards Bitcoin (BTC) over the last month. This unusual period of negativity, as reported by on-chain data analytics firm Santiment, could indicate a potential buying opportunity for those who can stomach the market's inherent volatility. Despite the potential for a price increase, the market is currently experiencing “bitcoin trader fatigue” with prices fluctuating between $65,000 and $66,000. This marks an unusual fourth consecutive week of fear, uncertainty and doubt (FUD). Santiment data shows an extreme level of negativity in crowd sentiment towards BTC, which is rare as traders continue to sell their holdings. Amid this FUD, bitcoin whales are rapidly accumulating BTC in anticipation of a market rally. This negative sentiment, coupled with accumulation by whales, typically leads to a market correction where the price of bitcoin rebounds strongly, benefiting patient investors. Furthermore, bitcoin's price trajectory could soon benefit from favorable macroeconomic conditions in the United States. Financial commentator Tedtalksmacro, known for tracking the correlation between BTC price action and US Federal Reserve liquidity, predicts a positive turnaround in the coming days. The price of BTC has closely reflected the Fed's liquidity conditions for several months, and with liquidity expected to bottom out and rise over the next ten days, bitcoin could see a corresponding rise. In particular, bitcoin's latest all-time high of 73.$800 in mid-March coincided with an increase in liquidity.
Pepe's trading volume has increased 3-fold since the beginning of the month, just days after reaching new all-time highs.
MARKET NEWS The trading volume of Pepe memecoin BABY
€0.000014 is three times higher than at the beginning of the month, after suddenly falling 12% from the new all-time highs of May 27.
On May 5, Pepe was trading at USD 0.000008834, with a trading volume of USD 783.17 million. Since then, its price has risen 94% to surpass the all-time highs of May 27, although it has fallen since then and is now trading at USD 0.0000147.
dePioneers' Innovative Approach to the DePIN Landscape Welcome to the frontier of NFT evolution, where dePioneeers is leading a revolutionary approach within the DePIN ecosystem. Delve into the essence of DePIN and discover how it's transforming the hybrid NFT landscape.
UpRock token launch $UPT Earning now ⬇️ 💲🤑💵💰 https://link.uprock.com/i/5d59f7be
Predicting the future of the Bitcoin market is difficult as it is influenced by a variety of factors, such as institutional adoption, government regulation, retail demand, and macroeconomic events. However, some analysts suggest that Bitcoin's price could remain volatile in the near term due to factors such as market speculation, regulatory news, and movements in the traditional market. As always, it is important to do your own research and consider diversifying your investments to mitigate risks. However, by mid-May we expect some all-time highs before the true bull run.