Are BTC, ETH, and DOGE primed for a bullish Q2? Gauging...
A similar positive outlook of the market was also revealed by LunarCrush’s data, which showed a decline of over 35% in the overall bearish sentiment. Therefore, can investors expect Q2 to begin with cryptos registering gains on their charts?As the market is turning bullish, investors’ expectations fromalso increased as several hope for BTC to touch the $30,000 mark. A look at BTC’s on-chain metrics also supported this possibility.
For instance, BTC’s exchange reserve was declining, which is a positive signal as it signifies less selling pressure.revealed that long position traders are dominant and are willing to pay short position traders, which too looked bullish. It was also interesting to see a decline in BTC’s supply on exchanges, suggesting increased accumulation.’s emission intensity reached a new all-time low .
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