Expert Insights on Bitcoin’s Recent Market Movements
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Current Bitcoin Trends: An In-Depth Analysis
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Over the past week, Bitcoin has experienced significant declines, reaching a low not seen in nearly eight months, just under $86,500 as of Thursday. Despite the prevailing bearish market sentiment, industry analyst Shanaka Anslem offers a different perspective, suggesting that the recent downturn is a calculated “engineered collapse.” He remains optimistic, viewing the current situation as an opportunity for market growth.
Technical Indicators Point to a Possible Rebound
Anslem recently shared his insights on X (formerly Twitter), countering mainstream media’s portrayal of a “crypto winter.” He believes a strategic accumulation of Bitcoin is underway, hidden beneath the market’s apparent chaos.
According to Anslem, Bitcoin’s nearly 30% correction from its peak has sparked a wave of panic selling. However, the underlying data tells a different story. Notably, November saw the creation of 231 new whale wallets, signifying an influx of new capital rather than an exodus of existing wealth.
Additionally, the Bitcoin network’s hash rate has reached unprecedented levels, even as prices dip, signaling miners’ confidence in future growth and their investments in infrastructure. Anslem also highlights the significant increase in stablecoin inflows, with $70 billion in ETF infrastructure poised to absorb market volatility.
For the first time since the current accumulation phase began, funding rates have turned negative, suggesting favorable conditions for institutional investors. “The numbers don’t lie,” Anslem asserts, referencing various technical indicators that collectively suggest potential market upside. The Pi Cycle remains favorable, and no historical market top signals have been activated. Meanwhile, the Market Value to Realized Value (MVRV) ratio indicates a mid-cycle adjustment, aligning with traditional market behavior.
Potential for Bitcoin to Reach New Heights by 2026
Anslem draws parallels between the current market conditions and those of 2018, prior to Bitcoin’s dramatic surge from $3,200 to $69,000. He argues that today’s institutional infrastructure offers a foundation that was absent during previous cycles.
He suggests that market liquidity has been “artificially” reduced by 50%, triggering a fear-driven sell-off among retail investors. The current fear and greed index sits at 15, denoting extreme fear, which historically presents significant buying opportunities for long-term investors.
Anslem projects potential market rallies ranging from 150% to 400% as the market progresses through its cycles, with projections reaching between $220,000 and $320,000 by the end of 2026. He emphasizes that the post-Halving supply constraints, coupled with rising institutional interest, create an asymmetric market dynamic. In Anslem’s view, while retail investors may be exiting their positions in fear, institutional investors are quietly accumulating Bitcoin.
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