Based on the analysis of Santiment analytics, they concluded that many community participants are confident in continuing the growth of the cryptocurrency market.
🥳 in a Solid Start to Crypto’s Week, Bitcoin Reted as High as $ 88.5k for the First Time in 17 Days. Ethereum Also Jumped ABOVE $ 2.100 for the first Time in 14 Days. Comments Across Social Media are Becoming Quite Positive, Indicating Many Expect This Rally to Continue. pic.twitter.com/3W3ZCS512N
– Santiment (@santimentFeed) March 24, 2025
Cascade of liquidations on the horizon?
Cryptoquant analysts warned that the current market recovery was fraught with high levereig.
There is no reason for panic
The analyst of the investment company Ark Invest David Pewell expressed confidence that among the holders of the first cryptocurrency there is no reason for panic.
Excluding 2025, All Bitcoin Yearly Exchange Outflow Cost Bases Since 2020 Were Below Price, Suggesting Strong Support Below.
From 2020 to 2024, Bitcoin’s Cost Basis Fluctuated Within a Range of $ 36,280 and $ 69,494, Suggesting Healthy Unrealized Profits and Low Incentive for the … pic.twitter.com/hndutzmago
– David Puell (@dpuellark) March 11, 2025
The expert noted that since 2020 (with the exception of 2025), the cost of exchange outlets of digital gold has been below the market price, “which indicates a powerful support zone.”
In his opinion, market moods can improve significantly if the price of the first cryptocurrency firmly fixes over the 200-day sliding average.
Matrixport specialists predicted the end of correction in the first cryptocurrency in March or April.
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Source: Cryptocurrency
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