Bitcoin is still near 50,000, so why is the panic index down by 30?

New leek: Where is my money? V-God: I donated it for you. Old leek: Where’s my money? Musk: I think bitcoin is still not environmentally friendly enough.

This is a zoo farce, new friends experience a coin circle efficiency, yesterday’s take-away money today to help people india little brother, in fact, the coin circle which has what loss ah, if you feel your money disappeared, it actually just changed another form of existence, may when will come back [here plus dog head].

The old hand that holds very well, these two days hold a position, I see today regardless of the big cake or cottage, most have a ten to twenty points of “floating loss”, it can be said that the gods fight, wine and vegetables suffer.
In fact, this wave of decline is also considered normal, but there is an indicator – panic greed index.

Bitcoin is still near 50,000, so why is the panic index down by 30?

Today is reached 31.

Bitcoin is still near 50,000, so why is the panic index down by 30?

https://alternative.me/crypto/
(This site is a bit eat memory do not know why, when the market fluctuations open a glance on the line)
This degree in addition to last month’s bottom retracement, further and it is similar to April 2020, I think it is in a relatively safe area (if you like the right side of the trading of this indicator may not have much reference value), of course, the market this time from greed quickly turned into panic, there may also be a factor is that this time we are down below the 120-day average, which in the eyes of many traders is on the pessimistic side The.

Bitcoin is still near 50,000, so why is the panic index down by 30?

The last pullback in the bull market to touch this average several times after pulling back, but can not be so conclusive, the trend line of such things is not absolute, down may be when to come back, but it is still more or less a response to the current state of strength and weakness of the market, so it can still be more or less concerned about the late, to see if this time is soon to stabilize again above the 120-day average, and whether it can also be in Nearly a month or two within the successful upward breakthrough, after all, we in this 50-60,000 area has been from the spring shock to the early summer.
There are still many signs that we are probably in the middle of a bull market development, one is that the new high was set last month, but the sentiment indicators and what not did not reach the peak, while historically even the small wave in 19 years, looking back on the sentiment and price peaks are positively correlated, and once we said that those “judge the top “indicators did not reach the extreme values of the historical large cycle.
The other is that this wave still sees some cottage coin counter-trend performance, and you can pay attention to the trading pairs of various currencies against bitcoin, especially the mainstream inside a lot of relatively large pie is a start-up state, so for the time being, I still favor this play is not so soon to end, but of course this market which character which indicator does not have a real God’s perspective, so we also still take a step to see.
The last thing I’d like to say is that you know that there are only a dozen ETH in V God’s wallet now, just kidding, just as this donation transfer was widely reported, many partners found that, hey, V God’s address is actually nothing eth anymore, the Ether is really decentralized?

Bitcoin is still near 50,000, so why is the panic index down by 30?

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In fact, V God’s Ether is still a lot of ha, look at the chain record should be more than 300,000 eth transferred before the donation:.

Bitcoin is still near 50,000, so why is the panic index down by 30?

If you look at the history of the wallet, the 300,000 or so were there for 19 years until they were transferred to another address yesterday.

Bitcoin is still near 50,000, so why is the panic index down by 30?

Currently still on that address, I think this should not be said to donate to anyone, interested parties can follow up to see this address, one is in the history of V God is also once “escape” action, another is the Ether is still a wind vane of the cottage market, in addition, interested parties can also see V God after work are playing The project is called VB2 address, which is also his, currently there are 1000 eth inside, not only from time to time also a little operation, donations this thing is not the first time:.

0x1Db3439a222C519ab44bb1144fC28167b4Fa6EE6
Well, that’s it for today.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bitcoin-is-still-near-50000-so-why-is-the-panic-index-down-by-30/
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