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Is the crypto winter finally over as more ‘tourist’ traders exit?

Is the crypto winter finally over as more ‘tourist’ traders exit?

00:00 Speaker A

An interesting technical level is the 200 week moving average, kind of four year rolling average. And that has historically gone up only and last week increased to $62,000. So we are at sort of relatively cheap levels. So it’s a good entry point for anybody deploying capital into the market. and uh so yeah, I think that’s the, you know, the beginning of the turnaround as also, you know, the the number of Bitcoin left on exchange is falling. Bitcoin dominance index or the market share of Bitcoin versus the rest of the digital assets is rising as well. and there’s more, you know, the institutional adoption is focused almost exclusively on Bitcoin. So that’s what’s driving the uh value trade here.

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