with a balance of 10,000 BTC or more is another indicator that signals when buying opportunities arise.A close look at the past three months shows that while the market has been selling off, the number of wallets holding at least 10,000 BTC has been climbing.The number of whale wallets of this size is now at its highest level since February 2021, when Bitcoin was trading above $57,000, and these wallets were selling into strength near the market top.
While many analysts on Crypto Twitter are calling for another 30-plus percent drop in the price of BTC, whale wallets are betting on a positive future.Some traders buy when Bitcoin price drops below its cost of production Another metric that can provide insight into when and where to buy is Bitcoin’s average mining cost, which is the amount of money it costs a miner to mine 1 BTC.As seen on the chart above, the price of Bitcoin has traded at or above the cost of production for a majority of the time since 2017, indicating that the metric is a good indicator of when generational purchasing opportunities arise.
A closer look at the current reading shows that the average mining cost sits at $27,644, around $2,000 below where BTC is trading at the time of writing.Further analysis shows that in past instances where the market price of BTC fell below the average mining cost, it tended to stay within 10% of the cost to mine and generally managed to regain parity within a couple of months., and the market continues to see an uptrend as more industrial-sized mining operations come online.
Taken all together, the current cost to mine as compared with the market price of BTC presents a compelling case for the contrarian investor that the widespread fear dominating the market presents an opportunity to be greedy when others are fearful.gets the green light as the proposed ban rejected
CryptoDuality Investingcom Those fo-olish donnkeys (big whales and fish) who are still looking for the bottom will be f - a -ked in one night when Bitcoing pumps quickly to 37k
It is normal for Bitcoin to fall, most of all cryptocurrencies are falling
CryptoDuality Why are you creating fear, what’s the point? such a corrupt manipulation of the market
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