This Week in Crypto, Full Written Summary: W1 November
For those short on time, here are the key takeaways from this week’s crypto market analysis:
- Whale Activity: Large Bitcoin whales have sold over 32,500 BTC since mid-October, while retail traders are buying the dip—a historically bearish signal.
- Contrarian Signals: Key indicators like the MVRV and RSI have fallen into “opportunity zones,” suggesting the market may be oversold.
- Altcoin Divergence: While major cryptos struggle, Cardano is seeing strong whale accumulation, and ZCash has tripled in price against a backdrop of widespread market disbelief.
- Macro Headwinds: Uncertainty around the Federal Reserve’s interest rate cuts is a major factor contributing to the current market downturn and volatility.
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