{"id":571363,"date":"2022-05-19T17:00:50","date_gmt":"2022-05-19T16:00:50","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571363"},"modified":"2022-05-19T17:00:50","modified_gmt":"2022-05-19T16:00:50","slug":"bitcoin-is-entering-an-accumulation-range-three-arrows-capital-co-founder","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-is-entering-an-accumulation-range-three-arrows-capital-co-founder\/","title":{"rendered":"Bitcoin Could be Entering an Accumulation Range – Three Arrows Capital Co-founder"},"content":{"rendered":"
Summary:<\/p>\n
The Co-Founder of Three Arrows Capital, Zhu Su, is of the opinion that Bitcoin might have entered an accumulation range.<\/p>\n
According to his analysis shared via Twitter, Bitcoin could be entering the accumulation range due to the record-breaking seven weeks that it has recently experienced. Also, Bitcoin spot and derivatives volume have both hit yearly highs during the Luna Foundation Guard liquidation of its 80k Bitcoin reserves<\/a>.<\/p>\n Some signs #Bitcoin<\/a> is re-entering an accumul range<\/p>\n 1) 7weeks down, most in btc history — Zhu Su \ud83d\udd3a\ud83c\udf15 (@zhusu) May 19, 2022<\/a><\/p><\/blockquote>\n\n
2) largest spot and deriv volume in a yr during lfg liquidation of 80k btc to 26k price
3) btc strength vs stocks overnight
4) Mayer multiple at lows
5) Asian hrs stronger than US hrs pic.twitter.com\/FxIwnVHsoX<\/a><\/p>\n