Investment tip: If you didn't manage to time the top, you won't time the bottom. Losers try.
Winners simply buy cheaper than what they are certain they can sell for in the future.
No clue if #bitcoin or #defichain have hit bottom, but I am certain prices will be higher over time!
Put your insecurities away and get on with achieving your goals. Reflect and remind yourself that an accurate criticism is the most valuable feedback you can receive. #principleoftheday
Historically, when #Bitcoin has approached local or global tops, we've seen increased deposits to exchanges as investors look to sell.
Not this time - there's no indication that $BTC is overvalued.
https://t.co/aOD2RhyZR1
1/ Weekly on–chain market observations:
The bottom is close – and once it happens, the reversal will be strong.
MVRV is consolidating towards 1, which historically has indicated the bottom of #Bitcoin market cycles. Patience is key.
https://t.co/lv8knFD0wV
4/ Most of yesterday's #onchain movements came from investors that were in losses, as the current price is lower than the price at which they last moved their coins.
2/ When miners anticipate the price to rise, they wait longer to sell their coins.
As shown below, a lot of the coins mined throughout last year's bear market have only been sold in recent months, and were likely responsible for a lot of the downward pressure this year.