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.
