But investors who are inside Bitcoin and who have entered in the last year, are very caught and the statistics play against them, since there are many more investors "betting on bitcoin falls, than betting on rises". Specifically, 87,000 put contracts more than call contracts.
This is a burden for Bitcoin to recover.
Strong hands are not buying Bitcoin
If on the one hand small investors are betting on the fall, we find that not even at these levels close to $20,000 is Bitcoin receiving the blessing of "institutional bargain hunters".
This means that the large investors positioned in Bitcoin futures are waiting to buy much lower to enter this market, which had increasingly been offered to private banking clients, institutional investment funds had come out... All stopped. moment. And let us think that the institutional ones are monitoring the economic catastrophe that is upon us before entering these assets.
Another problem with Bitcoin is that investors have come face to face with reality. Bitcoin and the rest of crypto assets have 70% volatility and not everyone can stand that. Let us remember that the rise of Bitcoin has been very vertical and investors are not used to these market movements. A stock investor does not expect so much movement or at least in such a short period of time. But the Bitcoin investor until very recently had only known one side of the asset, that of the rise, without knowing everything that goes up can go down.
Warren Buffett already said: "If you can't last 10 years in a security, don't try to be 10 minutes". And it is that this has happened to 72 of the 100 largest cryptocurrencies. sinking! Now most of the investors are selling all their cryptos in such a way that psychology, just as it played up in the best of times, is playing down in the worst of times, get out of crypto! they say.
The trend remains very bearish in the long term. Take a look at our premium Bitcoin indicators . All bearish: from the short, medium and long term trend. Remember that until the premium indicator (red color) is not above the price, we should not enter bitcoin.
In short, the crypto world is bearish, is this the crypto winter that some said? Is it time to buy now that the price holds? How much is a Bitcoin worth per fundamental ?
Well, we will try to tell you in Investment Strategies, but the important thing is that investors still have to wait to see where Bitcoin goes, if it holds, falls or rises and always join the trend.
We recommend reading Warrent Buffet's advice for Bitcoin investors to understand how an investment should be in our portfolios . If they had done it earlier, many investors would have saved themselves a lot of trouble
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