2021-1-28 05:34 |
Guggenheim CIO Scott Minerd has made another bearish prediction for short term Bitcoin prices.
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Long-term Bitcoin holders now carry 5.3M BTC at a loss, surpassing post-FTX levels and approaching the Covid crash high, signaling the capitulation process.
Crypto crowd pessimism has surged to its highest point since mid-February as social dominance data shows words like 'dead' and 'finished' spiking, a pattern.
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Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Bitcoin Magazine data showed that the 60-day moving average of active Bitcoin addresses…