The mood of the purchase decreases while Bitcoin falls on long -term support

Von Krypto News Österreich

Am 26. Mai stellte der On-Chain-Analytics-Anbieter Santiment fest, dass Bitcoin-Händler häufig kurzfristige, kleine Krypto-Preisrückgänge kaufen, sich jedoch davor fürchten, die längerfristig größeren zu kaufen. Es fügte hinzu, dass die Erwähnung eines Kaufs bei Kursrückgängen derzeit inaktiv sei, was auf eine sehr schwache Marktstimmung hindeutet. „In der Vergangenheit war es gut, aus dieser Art von #FUD Kapital zu schlagen“, hieß es. Darüber hinaus sind die Bitcoin-Preise seit ihrem Anstieg auf knapp 31.000 US-Dollar Mitte April um fast 15 % zurückgegangen. Das derzeit fehlende Volumen deutet auch darauf hin, dass dieser Rückgang noch nicht tief genug ist, um weiteren Kaufdruck auszulösen. Bitcoin …
On May 26, the on-chain analytics provider Santiment found that Bitcoin retailers often buy short-term, small crypto price declines, but fear that they are being bought larger in the long term. It also added that the mention of a purchase in price declines was currently inactive, which indicates a very weak market mood. "In the past, it was good to capitalize on this kind of #fud," it said. In addition, Bitcoin prices have decreased by almost 15 % since its increase to just under $ 31,000 in mid-April. The currently missing volume also indicates that this decline is not yet deep enough to trigger further buying pressure. Bitcoin ... (Symbolbild/KNAT)

On May 26, the on-chain analytics provider Santiment found that Bitcoin retailers often buy short-term, small crypto price declines, but are afraid of buying larger ones in the long term.

It added that the mention of a purchase in price declines was currently inactive, which indicates a very weak market mood.

"In the past it was good to make up with this kind of #fud," it said.

In addition, Bitcoin prices have decreased by almost 15 % since its increase to just under $ 31,000 in mid-April. The currently missing volume also indicates that this decline is not yet deep enough to trigger further buying pressure.

Bitcoin falls on support

Santiment also reported that the sales have increased with loss among crypto owners. MVRV metric (market value-to-realized value) was used, which indicates that the vast majority of crypto-assets issue signals for sub-purchased values ​​in the entire sector.

"Since the markets seem boring for dealers, we continue to see restless addresses that empty your wallets and sell with loss."

Glassnode found that the Bitcoin price used the Golden Fibonacci ratio of -61.8 % using the previous bull market highlight. This is $ 26,200, where the prices had dropped a few hours ago.

Since then, BTC has risen slightly to just under $ 26,500 at the time of writing this article, but remains Bärisch.

After weeks of consolidation and slow devaluation, the Bitcoin Fear and Greed Index remained on a neutral status. The value is currently 49, where it has been for two weeks.

outlook on the cryptom market

The cryptoma markets fell to a ten-week low in late trading on May 25, with the total capitalization decreasing to $ 1.14 trillion. They only recovered slightly during the Asian trade session on Friday morning, which indicates that further consolidation could be imminent at the weekend.

After a decrease to $ 26,000, BTC prices rose by half a percent that day, but remain sideways and move just above the long-term support levels. A breakdown from here would find further support at around $ 25,000.

Ethereum prices fell to $ 1,770 yesterday, but have recovered since then and noted at $ 1,807 at the time of writing this article.

The only old coins that currently have a measurable increase are XRP, Matic and LTC, which were added by 3 % that day.

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