TLDR
Bitcoin is going through one of those irrationally bearish moments in the cryptocurrency markets with prices dropping from mid 8000s to low 7000s. But how does this downturn reflect in blockchain activity? Looking at some of the IntoTheBlock models, we can find some interesting patterns that reveal the bearish momentum in the market and offer some clues(not predictions) about the direction of the market. These metrics are not attempting to predict the next direction but instead, they show some factors that clearly explain the behavior of a crypto-asset during a bear market.via the TL;DR App
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Written by jrodthoughts | Chief Scientist, Managing Partner at Invector Labs. CTO at IntoTheBlock. Angel Investor, Writer, Boa
