Few Buyers, Even Fewer Sellers | Ahead of the Curve
Bitcoin is up nearly fifty percent from its lows, but market participation remains unusually quiet. In this episode of Ahead of the Curve, we look at why K33 Research sees seller exhaustion as the most important Bitcoin-specific factor in the market today.
We cover declining spot volumes, subdued derivatives positioning, the large concentration of Bitcoin around current cost bases, and why some holders may still sell as they return to breakeven. We also examine the case that Bitcoin already formed its cycle bottom in late June, and the main near-term counterweight from rising United States Treasury yields.
Read the full research at k33.com/research.
