Odaily星球日报讯 加密研究机构 10X Research 发文表示，目前比特币严重超卖；部分山寨币经历波动后，KOL 建议粉丝们逢低买入，贪婪与恐惧指数接近最低水平，通常与价格低点相关。比特币抛售的原因有很多：Mt.Gox 的比特币分销（预估价值为 90 亿美元，从 7 月开始）、德国政府出售没收的比特币（30 亿美元）、比特币矿工出售 20-30 亿美元、ETF 出售 14 亿美元、比特币 OG 钱包出售 12 亿美元等。假设总量为 160-180 亿美元——与今年迄今为止的比特币 ETF 流入量相似。此前内部交易信号提供了多个卖出比特币的信号。尽管许多人声称最近的下跌是由于 Mt.Gox 的 fud（以及上面提到的其他因素），但某结构性因素或将导致更深的下跌，然后才可能从较低水平反弹。

10X Research：比特币严重超卖，价格或将在进一步下跌后反弹

Odaily Odaily News Crypto research institution 10X Research issued an article stating that Bitcoin is currently severely oversold; after some Altcoin experienced fluctuations, KOLs advised fans to buy on dips, and the greed and fear index is close to the lowest level, which is usually associated with price lows. There are many reasons for the Bitcoin sell-off: Mt.Gox&#39;s Bitcoin distribution (estimated value of $9 billion, starting in July), the German government&#39;s sale of confiscated Bitcoin ($3 billion), Bitcoin miners selling $2-3 billion, ETFs selling $1.4 billion, Bitcoin OG wallets selling $1.2 billion, etc. Assuming a total of $16-18 billion - similar to the Bitcoin ETF inflows so far this year. Previously, internal trading signals provided multiple signals to sell Bitcoin. Although many claim that the recent decline is due to Mt.Gox&#39;s fud (and other factors mentioned above), certain structural factors may lead to a deeper decline before a rebound from lower levels.

10X Research: Bitcoin is severely oversold, and the price may rebound after further declines.

Odaily Odaily News: Regarding Mt.Gox's plan to repay $8.5 billion worth of Bitcoin, IG Markets analyst Tony Sycamore said that repaying loans to creditors next month may not have as much impact on Bitcoin prices as many people expect, but it will cause trouble for BCH. It is currently estimated that about half of the Bitcoin (worth about $4.5 billion) may begin to enter the market in July, but Sycamore said he believes that a large part of the so-called Mt.Gox selling pressure has been reflected in the current market conditions. After all, "repayment has been going on for a long time." Previously, repayments occurred against the backdrop of deteriorating market sentiment, technical selling, and outflows from Bitcoin ETFs, and now most of the speculative "hot money" in the cryptocurrency field has left to chase giant stocks such as Nvidia and Apple in the stock market. In addition, speaking about the price trend of Bitcoin, Sycamore said that he does not think the current sell-off will lead to further declines, and the strong support of the 200-day moving average is a reason to remain optimistic in the coming weeks. Alex Thorn, head of research at Galaxy Digital, previously estimated that only 65,000 of the total 141,000 Bitcoins will actually enter the market - which greatly reduces the expected sell-off activity.

IG Markets analyst: The impact of the Mt.Gox repayment on the Bitcoin price may be much smaller than the market expects.

Author: YASHU GOLA Source: cointelegraph
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