Metrics Suggest That Bitcoin Is Closing In On It’s Bottom Despite The Current Price Crash

With the recent bitcoin and crypto market price crash, is predicted the we are hitting the bottom soon. From the metrics gotten from on chain chart which suggest that bitcoin is nearing it’s bottom, the head of into the block Lucas Outumuro in their research says that bitcoin holders of 2020 are currently loosing money from their position which they are holding since the said year.


From what I can gather form this claim is that he is relating that the recovery of the market is bent on the amount of holders the ecosystem has relating to the recovery with happened on 2015, that it took a longer time five months to the exact for investors portfolio to be back in profits compared to 2018 when it took three months for us to witness a bullish run.

Lucas on the other hand gave in exact how much that has left centralized exchanges so far this year and also the growth of bitcoin wallets, to me this situation is more of the most said phrases in economics which is “Demand and Supply”.

“Demand from long-term investors slowly creates a floor for Bitcoin in bear markets and they typically begin to sell to new investors shortly after new all-time highs.”

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.

Posted Using LeoFinance Beta