Summary
- Alfractals emphasized that the market bottom is formed when BTC's long-short ratio crosses the average ratio of altcoins.
- They stated that the current long-short ratios of BTC and altcoins are 1.48 and 2.55, respectively, with no crossing since last September.
- This suggests that the virtual asset market price has not yet reached the bottom.
There is a claim that the bottom of the virtual asset (cryptocurrency) market has not been formed since last September.
On the 4th (local time), Alfractals stated on X, "The market price bottom is formed when the long-short ratio of Bitcoin (BTC) crosses the average long-short ratio of altcoins," adding, "Currently, the long-short ratios of BTC and altcoins are 1.48 and 2.55, respectively."
Furthermore, they indicated that "there has been no crossing of these two ratios since last September," suggesting that the virtual asset market price has not yet reached the bottom.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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