On-chain data says "It's almost over," the Fear and Greed Index says "It's about to run away"—who do you believe?


Crypto research firm K33's latest report: The supply of long-term BTC holders hits a record high. Historically, when this signal appears, it often indicates that the bear market is nearing its end.
But on the other hand, the Fear and Greed Index is at 15, extreme fear.
BTC has fallen from 126k to 64k, halving in value.
BTC spot ETF net outflows have continued for two weeks, with another $82.2 million flowing out on June 17.
Even more interesting divergence: ETFs are running, but on-chain withdrawals are accelerating—on June 5, 4,700 BTC were withdrawn from exchanges in a single day.
Institutions are selling, big holders are accumulating.
When these two signals clash, it’s often the most divergent moment, and also the easiest time to determine the trend.
Are you trusting on-chain data or sentiment indicators?
A. Trust the chain, big holders are bottoming out
B. Trust the sentiment, there’s still more to fall
#BTC #加密货币 #链上分析
BTC-4.83%
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