• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

CoinShares CSO: Hodlers See Opportunity in Bitcoin Price Crash

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Meltem Demirors believes the present Bitcoin worth drop is a correction.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024
CoinShares CSO: Hodlers See Opportunity in Bitcoin Price Crash
CoinShares CSO: Hodlers See Opportunity in Bitcoin Price Crash

Bitcoin (BTC)’s downtrend following April’s all-time excessive may very well be worrying for first-time traders. However, CoinShares chief technique officer Meltem Demirors believes that almost all longtime holders are usually not promoting and this can be a correction to weed out panic sellers.

Speaking to CNBC, Demirors emphasised that Bitcoin is right here to remain and that after 200 days of “blooming” the crypto market, a drop in worth is regular.

“You cannot have a quantity going up ceaselessly. What we’re seeing is adjustment, contraction, and plenty of that wobbly factor that we name paper fingers, weak fingers.”

“Paper hand” is a standard market time period to explain an investor who can’t tolerate excessive monetary threat and begins promoting as quickly as asset costs start to fall. It’s the alternative of “diamond,” which merely means a pressure-retaining ingredient.

Reminding that the cryptocurrency market, excluding Bitcoin, is up 200% on the yr, Demirors stated that Bitcoin has at all times been a unstable asset class.

“I won’t go anywhere even if we go to $20,000. Last March we were at $3,000 for Bitcoin, we have to be aware of the context.”

She says that many retail traders who do not do their analysis are promoting, whereas long-term holders proceed to attend.

“If we look at on-chain activity, wallets that have been held for a long time are actually using this opportunity to accumulate.”

Glassnode information confirms Demirors rating. According to its information, Bitcoin addresses that do not promote the cash they accumulate have elevated their holdings since April’s all-time excessive.

Demirors stated that she expects to see consolidation at present worth ranges with macro-scale uncertainty.

“There is a lot of uncertainty around policies. There are also a lot of negative headlines.”

Meanwhile, Bitcoin is heading for its worst quarter for the reason that begin of its 2018 downtrend, in line with crypto information aggregator Skew. The information exhibits that Bitcoin is down virtually 46% within the quarter, which is the weakest quarter since Q1 2018.

Synthetic

Maybe you have an interest:

Join the chat group Coinlive Chats Now let’s talk about sizzling problems with DeFi market with Coinlive admins!!!

.

[ad_2]

Tags: BitcoinCoinSharescrashCSOGeneral NewsHodlersopportunityPrice
Share76Tweet48

Related Posts

Connecticut Enacts Ban on State Bitcoin Investments

by shark
July 1, 2025
0

Connecticut bans state Bitcoin investments, a first in U.S. crypto policy.

Ethereum Nears $3,000 Amid ETF and Regulatory Boost

by shark
July 1, 2025
0

Ethereum may reach $3,000 as ETF demand rises and stablecoin regulations solidify.

Bloomberg Increases Approval Chances for Crypto ETFs to 95%

by shark
July 1, 2025
0

Bloomberg increases approval odds for XRP, SOL, and LTC spot ETFs to 95% as institutional interest rises following regulatory feedback...

Goldman Sachs Revises Fed Rate Cut Anticipation to September 2025

by shark
July 1, 2025
0

Goldman Sachs revises its forecast, predicting the Federal Reserve will start interest rate cuts in September 2025, influencing global markets,...

Senator Lummis Advocates to End Crypto Double Taxation

by shark
July 1, 2025
0

Key details on Senator Lummis's push to end double taxation on crypto mining and staking rewards in the U.S.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Connecticut Enacts Ban on State Bitcoin Investments
  • Ethereum Nears $3,000 Amid ETF and Regulatory Boost
  • 4 Best Altcoins to Buy for Next Bull Run Revealed: One Is Already Live with $18.4M Raised
  • Bloomberg Increases Approval Chances for Crypto ETFs to 95%
  • Goldman Sachs Revises Fed Rate Cut Anticipation to September 2025
  • Senator Lummis Advocates to End Crypto Double Taxation
  • Robinhood Launches ETH and SOL Staking for U.S. Users
  • Solana Spot ETF With Staking Set for Launch
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7