Bitcoin, trading right now at around $32,000, is down 9.4% in the past 24 hours and 20% in the past week, according to Nomic. It’s even down 2% since the beginning of the year. Ethereum, the second-biggest cryptocurrency by market cap, has fallen 12.5% in the past day and nearly 24% in a week. And even buoyant meme currencies are in decline, with Dogecoin shedding 33% of its value in 24 hours.
Do these drops mean that we’re heading into another crypto winter? Experts have responded with a resounding “maybe.”
Today, Ki Young Ju, CEO of CryptoQuant, which provides data for investors, tweeted that the Bitcoin bear market “was confirmed” because big investors (known as whales) were sending their investments to exchanges.
I hate to say this, but it seems like the $BTC bear market confirmed.
Too many whales are sending $BTC to exchanges. https://t.co/DgmLukP4NU pic.twitter.com/AWJ8oVSUkQ
— Ki Young Ju 주기영 (@ki_young_ju) June 21, 2021
He later told Decrypt that “whe
Źródło: https://decrypt.co/74158/is-bitcoin-bear-market-experts-are-not-sure
