Is Bitcoin Going to Crash? The “Death Zone” Signals a Potential Downturn

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The post Is Bitcoin Going to Crash?

On-chain data, like the Sell-Side Risk Ratio and Net Taker Volume, adds to the concerns, hinting that a market top might be near.

Supporting the bearish claims, Bitcoin’s 1.74% intraday pullback wiped $62.89 billion from the crypto market, bringing its total market cap to $3.55 trillion.

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Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets: United StatesSouth Korea

Topics: Price Analysis News Bitcoin Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 09:24:12 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 46 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24268661

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 28 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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