This Week in Crypto, Full Written Summary: W2 November
In a market described as a “bloodbath,” Bitcoin has fallen to a six-month low, triggering widespread fear. This summary breaks down the key data points suggesting a bottom may be forming, even as the crowd remains cautiously optimistic.
- Peak Fear is Here: Social media sentiment has turned extremely negative, and the “buy the dip” narrative is fading—classic signs that often precede market reversals.
- Whales Are Selling to Retail: Large Bitcoin holders continue to sell their coins, while smaller retail investors are buying the dip. This trend will likely need to reverse before a sustainable bottom is in.
- Key Metrics Signal Opportunity: On-chain indicators like the MVRV ratio are at their lowest levels in over eight months,…
