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Bitcoin Faces Extended Selling Pressure as Realized Cap Flatlines

From fxdailyreport.com

Bitcoin ($BTC) keeps struggling under significant selling pressure without any signals of new capital inclusion. This stagnation has triggered apprehensions among analysts and traders. As per the CryptoQuant CEO, Ki Young Ju, Bitcoin ($BTC) is witnessing a flatlined Realized Cap. As a result of this, the current market scenario underscores a crucial turning point, where institutional inflows and long-term $BTC traders are shaping the market trajectory. {tweet} Based on the on-chain data, the Realized Cap of Bitcoin ($BTC) has turned stagnant. Historically, a flatlined realized cap occurs before prolonged ... (full story)

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  • Category: Fundamental Analysis