Podcasts/Bitcoin News Alerts | Daily BTC Macro Signal/1066: Here's What 'Max Pain' Could Look Like for Bitcoin HODL'ers, According to Top On-Chain Analyst!!
Episode 1066
1066: Here's What 'Max Pain' Could Look Like for Bitcoin HODL'ers, According to Top On-Chain Analyst!!
October 6, 2022·17m
Show Notes
A popular on-chain Bitcoin analyst claims the current crypto bear market hasn't yet sent as many BTC underwater as previous cryptocurrency bear markets.
BTC analyst Willy Woo notes that showing how many Bitcoin are at a lower value compared to their purchase price is "one way of visualizing maximum pain."
Woo's chart indicates that Bitcoin's 60% underwater level is currently hovering around $10,000.
Learn more about your ad choices. Visit megaphone.fm/adchoices