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- The crypto fear and greed index fell 24 points a day.
- From the losses realized with Bitcoin Investors did not hurry to leave the market, in contrast to the end of 2022.
The Kobeissi Letter reported that drying out liquidity could have caused the crypto losses of the past days.
On February 24, Bitcoin [BTC] Whose with 4.89% and the total crypto market capitalization fell by 6.65% in 24 hours, at the time of press.
The crypto Anxiety and greed index Fell from 49 the day before and stood at 25, at the time of writing, which signaled extreme fear.
Bitcoin ETF outflows and the losses for the S&P 500, which fell 1.19% from the highest lows of the day. This can help explain the quick shift in sentiment.
Citadel Securities wants to become a liquidity provider for cryptocurrencies, who may have been a “sale of the news”.
BTC expects more losses in the short term if …
Source: X
Crypto analyst Axel Adler Used the realized profit and loss to emphasize that the total losses realized remain moderate. Adler noted that the losses realized from the past quarter were considerably smaller than the panic selling at the end of 2022
While holders lock losses, it suggested a healthier market, persistent demand and a relatively positive sentiment. Investors did not hurry to go at any price, and those who sold were more selective.
The long -term trend remained up. Large signs are common in a bull run, but the online sentiment is very bearish.
The realized BTC losses indicated that the total uprising may not be influenced, the analyst concluded.
Source: Cryptuquant
The realized Cap Utxo Age Bands -Metriek shows the distribution of the realized market capitalization through age tires. Each colored band represents the ratio of the realized cap of Utxos that was last moved within the specified period.
By comparing the current trends with earlier Bitcoin Cycli, we see an increase in the realized CAP share from 1 month to 6 months UTXOS. This often marks periods in which the prices continue to tumble.
However, older age tires have remained flat since January, indicating that faith of holders in the longer term.
The conclusion is that short -term volatility and increased losses probably seem, especially because the price tries to break under the $ 92k support zone. Yet in the longer term, holders have no reason to panic, at least not yet.