Ethereum

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bearish sentiment in the crypto sector is increasing, affecting Bitcoin and Ethereum’s value.</li> 
 <li>Bitcoin and Ethereum may face a period of consolidation after the selling pressure subsides.</li> 
</ul>  
<h2 id="bearish-sentiment-rising-in-crypto-sector">Bearish Sentiment Rising in Crypto Sector</h2> 
<p>The crypto sector is witnessing a rise in bearish sentiment. This shift in market mood is having a direct impact on the value of <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a> and <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a>.</p> 
<h2 id="bears-take-the-lead">Bears Take the Lead</h2> 
<p>Data shows a steep drop in bullish sentiment across various online forums. The number of traders expressing optimism about the market is dwindling. Notably, bearish calls are also decreasing, but not as rapidly.</p> 
<p>Investors who were once bullish are now more inclined to sell their holdings. This trend could drive down the prices of Bitcoin and Ethereum, potentially triggering a cascade of panic selling. However, the sharp drop in bullish calls could also signal a capitulation event, where investors are forced to sell because they have lost hope.</p> 
<p>After the selling pressure subsides, a period of consolidation may follow, possibly indicating a market bottom for Bitcoin and Ethereum.</p> 
<h2 id="bitcoin-and-ethereum-trading-update">Bitcoin and Ethereum Trading Update</h2> 
<p>Bitcoin was trading at $61,361.69, a 0.67% decrease in the last 24 hours. The MVRV ratio for Bitcoin also declined significantly, indicating a decrease in the profitability for most holders. Additionally, the Long/Short difference of Bitcoin fell, suggesting a decrease in long-term holders compared to short-term holders.</p> 
<p>Short-term holders, who are more susceptible to market fluctuations, are flooding the market. If the volatility continues, Bitcoin might face more downward pressure.</p> 
<p>Ethereum, which is heavily correlated with Bitcoin, could also face substantial selling pressure. Ethereum was trading at $3,432.61, a 1.37% increase over the last 24 hours. However, like Bitcoin, Ethereum’s MVRV ratio and Long/Short difference also declined, indicating a decrease in profitable addresses and short-term holders.</p>

Crypto Investors Hit Hard as Bearish Trend Grips Bitcoin, Ethereum

Mục lục

CoinEagle.com

Các bài viết khác được xuất bản trên 28 thg 6, 2024

Crypto Debit Cards: The Future of Digital Payments

Hamster Kombat destined for Guinness World Record?

'Rich Dad Poor Dad' Author Kiyosaki Issues Important Bitcoin ETF Warning

Top Selling NFTs This Week – Bored Ape, CryptoPunks, BACGenesis And More

Ripple CTO Enraged with FTX Customer Refund Issue: Details

Alien Worlds Engages Players in Metaverse

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!