The encryption analyst says that inaccurate novels are still in the cryptocurrency market, which mainly depends on deviant information instead of Onchain data to support it.
“Beware of wrong information. Despite the data, the misleading novels continue,” “encoded” onchained, “Onchained”, ” He said In the market report March 22.
The analyst said: “Such claims often lacking the health of ONCHAIN and moved by exciting market morale instead of objective analysis,” adding:
“Trust data, not noise, verify the sources and standards of the crossed Onchain.”
Onchained referred to the last bitcoin movements (BTCLong-term holders (LTH)-those who carry more than 155 days-as a wrong novel that collides with real data.
The analyst pointed out that although some accounts claim that bitcoin holders in the long run “are characterized”, the data shows that they remain consistent. “The data does not leave any room for speculation,” said Onchained.
Onchained said that the inactive display index (ISSI)-which measures the degree that the long bitcoin supply turns-“does not show any significant selling pressure, which enhances a narration of the structural demand that exceeds the supply.”
The novels are always challenged
Crypto Analytics Platform Glassnode I recently made a similar note Based on the data, “Long -term activity is still largely weak, with a noticeable decrease in the pressure side pressure.”
The encryption market novels are constantly changing and challenging.
One of the coding novels, which is a long time ago, is the debate in the importance of the course theory for a period of 4 years, which indicates that the price of Bitcoin follows a predictable pattern linked to its half -four -year event.
source: Thomas Grif
Founder of Commercial Capital Michael van DiBob He said In a publication on March 22, “I assume that we can erase the theory of the course for a whole 4 years and that we are in a longer municipal cycle.”
Related to: The encryption markets will be pressed by commercial wars until April: Analyst
“The traditional period for four years has ended in encryption” due to the recent change in the position of the United States government.
“Crypto has moved in four -year courses from its early days.” But the change in the capital offers a new wave that will issue more than a decade, “said Hogan.
Besides, some analysts discuss whether everything is Bitcoin market is over.
The founder of the encrypted and the CEO of Ki Jong Jo He said In a publication on March 17, “The Bitcoin Bull has ended, and it is expected from 6 to 12 months to make the declining or side price.”
Joe said that all Bitcoin Ansin scales indicate the bear market. Joe said: “With the drying of fresh liquidity, the new whales sell Bitcoin at lower prices,” Joe said.
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