liquid crypto update: 3 indicators showing crypto is in a full capitulation phase:
1) the much-watched Fear&Greed index has been below 20 for 51 days now, that’s well above the previous record of 43 days during the market meltdown of the first Covid shock;
2) on-chain analysis by Glassnode shows the Mayer Multiple (MM, showing changes above/below the 200 day moving average), has recorded a lower value (0.487) than the previous cycle’s low (0.511) for the first time in Bitcoin’s history. BTC has only been below a 0.5 MM for 84 out of 4160 total trading days;
3) the weekly RSI technical indicator has now fallen to 34, well below the two previous lows in late 2018 and March 2020 (first Covid crisis). Taken together, it is clear that we are in a complete phase of capitulation. This is exactly the time when investors should be buying crypto for the long-term. We recommend accumulating a selection of the larger coins. Our active liquid crypto portfolio is open for investment, minimum clip USD 10,000.
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