Crypto para Analysis firm Alphractal, by publishing a warning statement on the status of the digital asset market, with the performance of crypto currency mining shares Bitcoin (BTC) He revealed that there was a critical correlation between price movements.
According to Alphractal, historical data shows that mining companies’ decreases in market value usually came a few days before the decreases in BTC. The company said that the mining sector is currently experiencing turbulence and uncertainty. If mining stocks continue to decline, Alphractal predicts that the BTC and the general crypto market are high.
Beyond Bitcoin, especially after the last Bybit attack Ethereum’un (ETH) He also analyzed the price movement. Despite the concerns, Alphractal said that the sales pressure on ETH after the incident was not important. The company also pointed out that the latest price fluctuations of those who occurred on February 3 have a greater impact on the market. In addition, long -term risk assessments show that the risk appetite has decreased since March 2024 and creates an uncertain appearance for Ethereum’s future performance.
On the other hand, the reduction of the risk environment means less liquidation, which may be suitable for long -term accumulation according to the analysis company. However, the changes in supply and demand indicate a stagnant market where the price movement remains silent until ETH determines the next stage.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/analiz-sirketi-uyardi-bitcoin-fiyatinda-hareketlilik-oncesi-gorulen-sinyal-geldi-birkac-gun-icinde-bunlar-yasanabilir/
