Corrections during #Bitcoin bull markets offer invaluable data into how 'Top Heavy' the market is
When too many people, buy too many coins, too high, they become prone to panic sell, which can break sentiment
Full analysis and opinion in my latest post👇
The chart above captures the percent of #Bitcoin supply in profit (line charts) and in loss (are charts) by cycle.
There is a very distinct difference between a Top Heavy market which breaks the bull, and a garden variety correction.
Is today more like 2017? 2019? or 2021?
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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