Bitcoin (BTC) Is Flashing Same Pattern Seen Before FTX Crash: Analyst
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Key points of the news: Bitcoin briefly exceeded $67,000 after the U.S.-Iran peace agreement, but analysts warn of a possible capitulation. The analyst Doctor Profit detected in BTC's weekly graph the same upward divergence that preceded the collapse of FTX in 2022. Alphractal's on-chain data point out that BTC recorded the second largest unrealized loss of its history, with a capitulation still pending. Bitcoin briefly recapitulated and reached…
Bitcoin (BTC) Is Flashing Same Pattern Seen Before FTX Crash: Analyst
Bitcoin (BTC) briefly crossed $67,000 yesterday after a recently brokered peace agreement between the United States and Iran boosted market sentiment. Despite the rally, the crypto asset may be approaching another capitulation event, according to crypto analyst Doctor Profit, who compared the current market structure to the setup seen before the FTX collapse in 2022. 2022-Style Capitulation Pattern In the latest tweet, the analyst explained that…
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