Recent data has revealed that Bitcoin (BTC) is not as severely affected by the bad news flow of the cryptocurrency market as it has been in the past.
By Glassnode, the on-chain analytics platform shared up-to-date data. Binance And coinbase cases in the market volatility The company, which admits that it created increased stamina pointed.
Usually this type of FUD on the market after the news serious losses And liquidations took place When the historical data revealing the a small amount of seems to be.
According to the data, the news of the case came On Bitcoin on June 5-6 amount of damage incurred $112 million And 64 million dollars was recorded as. Looking at the historical data, it was seen that during similar FUD news or macroeconomic turmoil, all at once. 3.16 billion dollars loss it seems to happen. Impact of case news versus highest loss when comparing data 96.5% less damage seems to have given.
Looking at the data from a broad perspective, the cryptocurrency market will respond to such situations over time. immune to and more investors resistant it is noticed.
Name analyst who approaches the subject with a similar perspective and excites investors Will Clemente it happened. Social media in your post Clemente, who interpreted the data, Bitcoin is bottoming out implied:
Lows are usually when the price no longer reacts negatively to bad news; Peaks usually occur when the price is no longer responding positively to good news. In the last year and a half, everyone who was going to panic sell has done it, and the strong players are left.
