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Making Sense of Bitcoin’s Changing Market Rythm
After reaching all-time highs earlier this year, Bitcoin has largely been in a consolidation phase, briefly slipping below $100K for the first time since June. A combination of macroeconomic headwinds, weakness in equities and one of the largest crypto liquidation events dampened sentiment and slowed inflows, prompting questions about the sustainability of the bull market. Adding to this, a growing fears have emerged around large holders or “OG whales” moving or selling early coins, putting pressure on BTC and the broader crypto market, which now sits near $3.6T following recent declines. Beneath the surface, ... (full story)
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