Game over for Bitcoin miners? BTC price pressure surrounds the November close.
As Cointelegraph extensively reported, Bitcoin’s next bear market bottom is theat present, and certain targets have become more popular than others.
Big or small, the population of the Bitcoin ecosystem is “aggressively” adding to its BTC exposure this month. The smaller investors, referred to variously as “crabs” and “shrimps” depending on wallet balance, are increasing in numbers. The portion of the BTC supply held at an unrealized loss, for example, is approaching macro lows, a phenomenon covered by the “Max Pain” model.
“Use these charts at your own discretion, we are in an unprecedented time of deleveraging,” he added, cautioning that “Past cycles do not necessarily reflect future ones.”this week, but crypto analysts are more focused on China.
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