Recent data signals a bottom that has never happened so far in 2023 as Bitcoin (BTC) and Ethereum (ETH) are experiencing pullbacks.
On-chain analytics firm centiment According to the data presented by the last week of February, together with the withdrawals experienced, since december It was recorded as the week of the first sale at a loss. Bitcoin in the last week 2.2% while Ethereum is depreciating 1.4% suffered a loss in value.
Investors continued to sell at a loss during this downtrend. Data, We have not experienced such a week so far in 2023. reveals. Since March 2020, there have been 5 different examples of Bitcoin specific to this. In four of these samples, an average of three months 5.8%It retreated with a loss of . Bitcoin only made an exception in February 2021, when it had a strong bull run.
Bitcoin and Ethereum investors are selling with more losses than profits this week. Historically, new lows appear to be formed when positions start to be closed at a loss by a large segment.
On the other hand, analysts think that the interest policies to be implemented by the USA in the coming period may adversely affect the traditional and crypto money markets. CoinGecko According to BTC data, at the time of writing the news From $23,750, ETH is at $1,657 is being traded.
