Ark Invest: “Historically This Metric Marks Bottom In Bitcoin!”

Bitcoin (BTC) and cryptocurrencies In 2022, it experienced sharp declines. After these declines, while investors were waiting for the rise to come, the world-famous investment company Ark Investment Management released its monthly Bitcoin report.

Despite the negative effects of FTX’s bankruptcy BTC and that decentralized blockchains are as strong as ever, Ark Invest said about FTX’s bankruptcy. “The most damaging case in crypto history can beir.” said.

Stating that they are on the rise in Bitcoin, Ark Invest argued that there is an upward trend in BTC.

Drawing attention to the profit-loss ratio of BTC in detecting the bullish trend in Bitcoin, Ark Invest said that the realized profit-loss ratio of BTC is currently at an all-time low.

profit-loss ratio in bitcoini, BTC’‘s on-chain profit or loss trade.
Ark Invest analysts pointed out that the profit-loss metric decreased below 10% to 7.2 in November, while this metric decreased below 10% in previous years. BTCHe stated that it created important bottom points in .

“In every previous instance where this metric went below 10% in Bitcoin – namely in 2011, 2015 and 2019 – significant bottoms were found.

In addition, the profit and loss data for November strengthen our view that a historically significant capitulation continues.”

Especially after the FTX bankruptcy, the 30-day average of net exits from centralized exchanges is 5,870. bitcoin Stating that it has reached the highest level in BTC history with FTX He said that they kept their crypto money because of the trust problem they experienced after the bankruptcy.

As it will be remembered, apart from the analysts who have risen in Bitcoin Ark Invest CEO Cathie Wood BTC is also on the rise. Because Cathie Wood has done for Bitcoin in almost every interview she does. “$1 million by 2030” He said the guess is still valid.