Bitcoin's potential to reverse in the upward direction remains high. However, an illiquid market could be a stumbling block.
For a while, traders have been standing on the edge since BTC decided to send the market into unexpected pain. At press time, BTC’s price stood at $25,964, andHere to provide opportunities
Values greater than 1 imply that participants are selling at a profit. Conversely, values less than 1 suggest letting go at a loss. With respect to the metric, Hančar explained,Oftentimes, the price movement of Bitcoin sets the tone for the entire cryptocurrency market, and the current situation is no exception. So, a chance to accumulate BTC may also mean a chance toAnother metric the analyst pointed to is the Net Unrealized Loss .
The increasing trend of the metric implies that buying power is slowing down. Conversely, a decreasing SSR suggests a rising status of the stablecoin buying power. At the time of writing, the SSR decreased, implying the latter.Hančar opined that this was yet another confirmation that it was time to load up BTC bags. In doing this, he referred to the FTX collapse and banking crises that occurred earlier in the year.
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