Summary
- It reported that the Bitcoin (BTC) bull market is nearing its end and investors are showing a cautious attitude.
- It stated that the unease of short-term investors is pronounced, but that large-scale sell-offs have not yet occurred.
- It reported that market sentiment is closer to optimism amid anxiety.
On the 22nd, according to The Block, a media specializing in virtual assets (cryptocurrencies), Bitcoin (BTC) market analyst Rachel Lucas assessed that the BTC bull market is nearing its end and investors are showing a cautious attitude.
He said, "The bullish momentum seen earlier this year has already subsided," and "Investors are becoming increasingly cautious, and the unease among short-term investors is particularly pronounced."
However, Lucas added, "Considering that large-scale sell-offs have not yet appeared, market sentiment is closer to optimism amid anxiety than to overt fear."
BTC is trading at $114,428.81, down 1.05% from the previous day on the Binance Tether (USDT) market as of 12:13 on the 22nd.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Market] Bitcoin steadies after 'wash shock'…reclaims the $79,000 level](https://media.bloomingbit.io/PROD/news/2d67445a-aa24-46b9-a72d-5d98b73b6aec.webp?w=250)
![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)