A crypto analyst says that inaccurate accounts continue to circulate on the cryptocurrency market, largely caused by distorted information rather than being supported by ONCHAIN data.
“Beware of disinformation.
“Such statements often lack validation of onchain and are motivated by the feeling of the sensitive market rather than an objective analysis,” said the analyst, adding:
“Confidence the data, not the noise, check the sources and overcome onchain measurements.”
Onchagie highlighted the recent movements of long -term Bitcoin (BTC) (LTH) holders – those who hold for more than 155 days – as an example of false stories that come up against real data.
The analyst stressed that if certain accounts claim that long -term Bitcoin holders are “capitulating”, the data show that they remain consistent. “The data leaves no room for speculation,” said Onchained.
The inactive supply offset index (ISSI) – which measures the degree to which the long -term Bitcoin offer is changing – “shows no significant sales pressure, strengthening a story of the structural demand screening supply,” said ONCHAINED.
The stories are always challenged
The Crypto Analytics Glassnode platform recently made a similar observation based on data, saying that the activity of long-term holders remains largely moderate, with a significant drop in their sale on the sale. »»
The stories of the cryptography market are constantly evolving and are challenged.
A long -standing cryptographic account under debate is the relevance of the 4 -year cycle theory, which suggests that the Bitcoin price follows a foreseeable scheme linked to its half every four years.
Source: Tomas Greif
The founder of MN Trading Capital, Michael Van de Poppe, said in an article on March 22, “I suppose that we can erase all the 4 -year cycle theory and that we are in a longer cycle for Altcoins.”
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Echoing a similar feeling, Matt Hougan, director of investment in investment Bitwise, recently said that “the traditional four -year cycle is finished in crypto” due to the recent change in the position of the United States government.
“Crypto has moved to four -year cycles since its first days. But the change of DC presents a new wave that will take place over a decade,” said Hougan.
At the same time, some analysts even debate the end of the entire bitcoin market.
The founder and CEO of the cryptocurrency Ki Young Ju declared in a post of March 17, “Bitcoin Bull Cycle is finished, awaiting 6 to 12 months of lower or lateral price action.”
Ju said that all Bitcoin Onchain measures indicate a bear market. “With fresh liquidity that dry out, new whales sell bitcoin at lower prices,” said Ju.
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