4 Analyst Opinion: Is the Winter of BTC, ETH, SHIB and DOGE Over?

The new week for the cryptocurrency market starts with 20 points of “extreme fear”. BTC, ETH, SHIB and DOGE are the main names that investors who are overwhelmed by the bear market are waiting for signs. Experts are now discussing 2 conditions that the market needs to stay behind the crypto winter.

Edward Moya drew attention to the strength of Bitcoin (BTC) despite macro developments

Bitcoin and Ethereum start the new week green, as in the US stock futures market. This week will be filled with concerns about record inflation and impending calm. In particular, senior market analyst Edward Moya says that Bitcoin is holding up nicely amid the recent upheaval on Wall Street. “Expectations for Fed rate hikes are rising and Bitcoin is still holding the $19,000 level,” Moya said in a new note.

Moya also points out that Bitcoin’s stabilization cycle is “good news” for long-term bulls:

High-frequency trading systems and hedge funds have their preferred shorts, and right now Bitcoin is becoming a long-term investment for many… If US equities fall below the 3,600 level during this period of interest and Bitcoin does not fall below summer base levels, crypto winter could officially be called

In this middle, the “Fear and Greed Index” started the new week with “extreme fear”. The index, which is currently 20, was at 22 last week. Cost of 0 means “Extreme Fear”, while 100 means “Extreme Greed”.

Michaël van de Poppe tweets “big week coming”

The popular analyst says the markets and technical analysis show that “a big move is about to happen.” Van De Poppe said that Bitcoin is “squeezed” and ready to “break” above the $19,600 level.

Poppe points out that the prices for the metric are “significantly lower” compared to the 2019-2021 period. Looking at this, he stated that “there is a huge lack of demand and activity in the futures market”:

The funding rate should be watched closely in the short-term, as possible very negative securities increase the possibility of short-term squeeze and could cause a reversal in the price of the cryptocurrency.

Whales sell Ethereum for $4.2 billion

On the Ethereum side, investors holding 100 to 1 million ETH have sold 3.3 million ETH in the past weeks. Santiment says that equates to about $4.2 billion:

The price of ETH and the price in the middle of [Bitcoin] have fluctuated depending on the [behaviours] of these key stakeholders.

Nigel Green believes long-term investors are very valuable for BTC

Nigel Green, CEO of DeVerge Group, discussed the importance of long-term investors in the cryptocurrency market in a recent interview. Green says that long-term investors play a valuable role in the cryptocurrency market. With more volatility expected in the coming months, Green said that long-term investors will have the opportunity to buy cryptocurrencies at low rates:

Given the current correlation of Bitcoin and Ethereum with stock markets, we expect more, and presumably increased volatility in the crypto market before the end of 2022. However, for important investors, this will certainly not be seen as a bad thing.

Green added that big investors will treat volatility the same way they treat such events in other financial markets. The experienced investor also explained:

Large investors, including institutional ones, will treat it in the same form as turbulence in any other random market. Some of the world’s most decent investors always use market volatility as a great buying opportunity in the classical financial markets, and the cryptocurrency market is no different. Used actively and efficiently, volatility can be an extremely powerful investment strategy.

“Serious investors will not be afraid of more volatility”

Green said that despite the current volatility, Bitcoin (BTC) has outperformed in recent years:

Bitcoin remains the best-performing asset class in the world and has always been in the middle of the best fit for both classical and crypto investment branches over the past few years. Knowledgeable, long-term crypto investors will seek to capitalize on panic sellers by buying cryptocurrencies ‘cheap’ to enhance their investment portfolios. Major investors should not fear more volatility. This isn’t their first rodeo.

Koindeks.comAs you follow, the Bitcoin network was unable to generate new blocks for an hour today.

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