The sit-and-wait game while the price of BTC (and other crypto assets) is climbing is over. The market is under pressure, and many investors (especially beginners), don't understand what's going on, and in what to believe - is it the start of another "crypto winter" or just a market correction?
We prepared this material to help you to understand the full picture of crypto price movements and give you an in-depth analysis of changing volumes, big players behavior, so you will make your investment decision more correctly.
In this article you see:
1. Why is the Cryptocurrency market down?
2. How can we understand what investors are doing?
3. Who is selling?
4. Are the long-term holders buying or selling their crypto assets?
5. Will Bitcoin rise In the short term?
Why is the Cryptocurrency market down?
So, let's start at the beginning.) Only a couple of days after the much-anticipated Coinbase direct listing, on 19 May 2021, the Bitcoin market experienced one of the most significant liquidity events and price draw-downs since Black Thursday in March 2020.
During the recent sell-off, the Bitcoin network experienced a reduction in active addresses, down 18% from the recent highs to around 0.94M. This fall indicates that activity has slowed.