PANews February 21 News, according to The Block, on-chain analysis firm Glassnode pointed out that Bitcoin has fallen below the True Market Mean. Historically, this indicator has often served as the dividing line between expansion and contraction cycles. Currently, the structural support level below may be around $54,900. Additionally, the net flow of US spot Bitcoin ETFs has resumed a continuous outflow, weakening the support previously provided by marginal demand. In the derivatives market, panic sentiment has eased but has not turned optimistic. Implied volatility has retreated from its high levels, indicating traders are unwinding downside protection positions but have not yet widely established long positions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
3 Reasons Bitcoin Everlight Beats Traditional BTC Mining
The method for securing the Bitcoin network has remained largely unchanged for over a decade, relying primarily on energy-intensive Proof-of-Work. However, as the industry matures and environmental concerns intersect with rising hardware costs, many participants are re-evaluating their approach to B
BlockChainReporter4m ago
Robert Kiyosaki Warns Of Biggest Crash In History: Makes Shocking Gold, Silver And BTC Price Predictions
Robert Kiyosaki has once again pushed a dramatic warning into financial markets. The author of _Rich Dad Poor Dad_ posted a message on March 16 that described what he believes could become the largest financial bubble collapse in history. His comments
CaptainAltcoin7m ago
Alliance Bernstein, which manages $850 billion in assets, states that BTC's resilience has significantly increased.
Gate News reports that on March 18, according to The Bitcoin Historian, Alliance Bernstein, a Wall Street asset management firm with assets under management of 850 billion dollars, stated that BTC currently has more resilience than ever before. The firm pointed out that against the backdrop of global conflicts, BTC is outperforming other assets, and Wall Street institutions are buying on dips.
GateNews7m ago
Whale addresses holding more than 100 BTC transferred over 44,000 BTC to exchanges yesterday
Gate News reports that on March 18, according to monitoring by CryptoQuant analyst Maartunn, whale addresses holding 100 or more BTC transferred 44,459 BTC to exchanges on March 17.
GateNews11m ago
Bitcoin Mining Heads To Space With NVIDIA Partnership
The crypto world just witnessed one of its boldest announcements yet. NVIDIA CEO Jensen Huang revealed a partnership that pushes mining far beyond Earth. This move introduces a concept that feels straight out of science fiction. Yet it now stands as a serious innovation roadmap. Bitcoin space mining
Coinfomania28m ago
