2022 has not been a good year for Bitcoin and cryptocurrencies. Because on the one hand, BTC and altcoins experienced sharp decreases, on the other hand, the major platforms of the crypto market also experienced collapses.
The collapse that started with Terra in May continued with the bankruptcy of FTX and BlockFi. Along with these declines and collapses, there was a recession in the markets. While investors want this bad mood to dissipate, CryptoQuant analyst said that these bearish periods can be an opportunity to accumulate.
In the article penned by CryptoQuant analyst BinhDang, it was stated that the drops could be an opportunity for those who are trying to accumulate BTC but are late or new to the market. Saying that Bitcoin is already at the intersection between supply loss and profit, the analyst said; “this intersection area can be the perfect backlog for a fresh start.”
Source: https://coinstats.app/news/AyOLolrysB_Bitcoin-%5BBTC%5D-analyst-says-bears-are-not-done-yet-because%E2%80%A6/
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