WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Crypto Prices
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
Crypto Prices
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCrypto
WebsCrypto—News—Bitcoin News—Zhu SU: There Are Some Signs That Bitcoin Is Re-Entering a Period of Accumulation
Bitcoin News

Zhu SU: There Are Some Signs That Bitcoin Is Re-Entering a Period of Accumulation

By WebsCryptoMay 19, 2022
Zhu SU: There Are Some Signs That Bitcoin Is Re-Entering a Period of Accumulation
Facebook Twitter Telegram LinkedIn Reddit Email

ZhuSu, founder of Three Arrows Capital, posted on his social networking site that there are some signs that Bitcoin is re-entering the accumulation range.

Its indications are as follows:

  1. Bitcoin’s decline in the past seven weeks is the largest in history.
  2. During the period when LFG liquidated 80,000 Bitcoins and the Bitcoin price fell to $26,000, the largest spot and derivatives trading volume occurred in the past year.
  3. Bitcoin is stronger than the overnight stock market.
  4. The Mayer multiple is at a low level.
  5. Bitcoin is stronger in Asian trading hours than in US trading hours. In addition, Canadian ETFs bought 7,000 Bitcoins at low levels, Tether’s FUD, Bitfinex hit an all-time high, and people started shorting Bitcoin to hedge over-the-counter trades.

These are also evidences of the above conclusion. At the same time, some potential white swan events may occur in the market, including: El Salvador will hold a meeting of the 44 central banks, OPEC or adopt Bitcoin for international payments, and sovereign wealth funds allocate assets according to thesis-driven.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Crypto Cryptocurrency Headlines Market
Related News
Bitcoin News March 19, 2023

Bitcoin Unfilled Contract Down by About 300K BTC Since October 2022 Peak

NFT News March 19, 2023

DeGods Announces BTC DeGods Sold Out in One Bitcoin Block and Sends Inscriptions Based on Transaction Time

NFT News March 19, 2023

RTFKT Announces Nike Air Force 1 Digital Shoe Selection on April 23rd

Market News March 18, 2023

Dutch Financial Market Watchdog to Take Tough Stance on EU Cryptocurrency Regulations

Business News March 18, 2023

FTX Debtors Report $11.6 Billion in Claims and $4.8 Billion in Assets to Bankruptcy Court

Altcoin News March 18, 2023

Paxos Processes Over $7.9 Billion in BUSD Redemptions in 32 Days, Commits to Backing BUSD for At Least a Year

The Latest
Bitcoin News March 19, 2023
Bitcoin Unfilled Contract Down by About 300K BTC Since October 2022 Peak
Business News March 19, 2023
RSS3 Launched an AI Open Platform for Developers to Train GPT Models on Chain Data
Ethereum News March 19, 2023
Ethereum Sees Second-Highest Voluntary Validator Exits Since Merger
NFT News March 19, 2023
DeGods Announces BTC DeGods Sold Out in One Bitcoin Block and Sends Inscriptions Based on Transaction Time
NFT News March 19, 2023
RTFKT Announces Nike Air Force 1 Digital Shoe Selection on April 23rd
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Market News
  • Business News
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.