Just came across something interesting about tracking Bitcoin bottoms. Apparently there's an onchain metric that's been pretty reliable at spotting the cycle lows each time around. Not gonna lie, I've been skeptical of these kinds of signals before, but looking at the historical data, this one actually seems to work pretty consistently across different cycles.



The whole idea is that you don't need to guess where the Bitcoin bottom is going to be. If you know what to look for onchain, the data basically tells you when we're near capitulation. Obviously nothing is 100% accurate, but understanding what these metrics reveal about what is Bitcoin bottom and when it actually happens could save you from panic selling at the worst times.

Worth diving deeper into if you're trying to time entries better. The onchain analysis space has gotten pretty sophisticated lately.
BTC0,41%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin