Make an educated investment
https://ift.tt/356kNxd
Glassnode looks at the onchain metrics to make an educated guess at the state of the market.
The article dives deep into the numbers on the chain and gives a opinion. It is a interesting read if you fancy some statistics.
Also I’ve put the conclusion if you don’t feel like reading through the whole article.
https://ift.tt/34U34sy
Conclusion of the article:
In summary, there is evidence that the market is reaching some form of price and momentum equilibrium, within what is a broader bearish market structure. Bitcoin bears certainly have the upper hand, however modest bullish divergences are appearing across a number of on-chain metrics and indicators. Coupled with elevated future open interest, and a bias that appears to be a short heavy market, a risk of a deleveraging to the upside remains on the table.
Cryptocurrency
