According to Mars Finance, Vetle Lunde, Head of Research at K33, stated in a new report that Bitcoin underperformed the Nasdaq index on 70% of trading days over the past month, and is currently 30% weaker relative to the index than it was on October 8th. The recent Bitcoin sell-off is nearing saturation, evidenced by panic selling signals in the spot market and ETP trading streams. Bitcoin's severe underperformance relative to stocks, and its significant disconnect from fundamentals, presents a strong long-term relative buying opportunity.
Analysts: The Bitcoin sell-off is nearing saturation, and now may be a relatively strong buying opportunity.
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