CrpyoQuant analyst Julio Moreno, who warned shortly before the decline in the cryptocurrency market, was right in his prediction. So why did the market crash?
Bitcoin and altcoins 11 December early in the day The fastest decline in 4 months hosted. Just from this 4 days ago The cryptocurrency market is “overheating” with recent rises indicating analyst Julio Moreno said after the decline: in sharing “The one who follows the on-chain data wins,” he said.
Moreno’s current to share According to this latest decline 4 different factors triggered. The first of these is that the bull-bear indicator has been showing “” for the first time since July.extremely hot” It happened to enter the zone. Rising prices and the FOMOforcing a correction in the cryptocurrency market.
Secondly, one of the largest mining companies of Mara Pool It was a decision to sell his Bitcoin assets and some of his devices. These recent days, when the profitability of Bitcoin miners increased faster than the difficulty level, represented a clear sell signal, according to the analyst.
In a similar post he made recently, CrpyoQuant argued that the number of profitable Bitcoins in the market and 3 other factors may have triggered the decline.