Josuel20
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As volatility becomes the new norm, the recent drop in bitcoin goes beyond a simple technical correction. It reflects a sharp disengagement of institutional capital and a reassessment of the dynamics of the crypto market. Amidst ETF panic and rarely observed undervaluation signals, the leader of cryptocurrencies finds itself at a critical crossroads.
In summary
Bitcoin is experiencing a significant drop, reaching a valuation zone described as a “fire sale” by Bitwise.
The MVRV z-score indicator over two years has fallen below -1, signaling a historical undervaluation of the asset.
Bitcoin ETFs have faced massive withdrawals, with $1.35 billion withdrawn in a week.
Bitwise observes a marked decline in market sentiment, equivalent to that of October 2023.
A historically low valuation according to Bitwise
While bitcoin has just spent four months in the red, Bitwise's analysis team in its February 1 report warns: “we have entered a fire sale valuation zone”
This warning is based on the MVRV z-score indicator over two years, a reference tool in on-chain analysis. This indicator is now below the -1 mark, signaling an extreme undervaluation of bitcoin, a limit rarely surpassed outside of major capitulation phases.
#bitcoin
#Binace
In summary
Bitcoin is experiencing a significant drop, reaching a valuation zone described as a “fire sale” by Bitwise.
The MVRV z-score indicator over two years has fallen below -1, signaling a historical undervaluation of the asset.
Bitcoin ETFs have faced massive withdrawals, with $1.35 billion withdrawn in a week.
Bitwise observes a marked decline in market sentiment, equivalent to that of October 2023.
A historically low valuation according to Bitwise
While bitcoin has just spent four months in the red, Bitwise's analysis team in its February 1 report warns: “we have entered a fire sale valuation zone”
This warning is based on the MVRV z-score indicator over two years, a reference tool in on-chain analysis. This indicator is now below the -1 mark, signaling an extreme undervaluation of bitcoin, a limit rarely surpassed outside of major capitulation phases.
#bitcoin
#Binace
365D Trade PNL
+$0.08
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The crypto market wavers. Mass liquidations, record volatility, abyssal losses: digital finance is going through a storm zone. And while crypto investors tighten their belts, exchanges are not left out. Some, like Coinbase, now have to face another type of upheaval: judicial. The American giant, a symbol of regulated crypto, is being accused by its own shareholders of having taken advantage of the system. At stake: massive sales of shares made just before the steep drop in price.
In summary
In 2023, shareholders sued Coinbase for sales of shares considered dubious.
Brian Armstrong and Marc Andreessen allegedly sold before the price drop.
Judge McCormick keeps the case despite a favorable internal investigation.
The direct listing without a lock complicates the defense of the crypto exchange.
Coinbase in front of justice: when trust cracks
It all started in 2023, when a group of Coinbase shareholders took legal action in Delaware. According to them, several executives, including CEO Brian Armstrong and famous investor Marc Andreessen, allegedly sold $2.9 billion in shares during the direct listing of 2021.
#coinbase
#CoinbaseEffect
In summary
In 2023, shareholders sued Coinbase for sales of shares considered dubious.
Brian Armstrong and Marc Andreessen allegedly sold before the price drop.
Judge McCormick keeps the case despite a favorable internal investigation.
The direct listing without a lock complicates the defense of the crypto exchange.
Coinbase in front of justice: when trust cracks
It all started in 2023, when a group of Coinbase shareholders took legal action in Delaware. According to them, several executives, including CEO Brian Armstrong and famous investor Marc Andreessen, allegedly sold $2.9 billion in shares during the direct listing of 2021.
#coinbase
#CoinbaseEffect
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