GMBStaff
8 Mar 24
In his recent article, economist Dominic Lombardo presents a compelling argument that Bitcoin is poised for a major mid-cycle correction. Citing bearish On-Chain-Metrics and a surge in Option Open-Interest, Lombardo refutes the prevailing narrative surrounding the Halving Event and the doubling of B...
In his recent article, economist Dominic Lombardo presents a compelling argument that Bitcoin is poised for a major mid-cycle correction. Citing bearish On-Chain-Metrics and a surge in Option Open-Interest, Lombardo refutes the prevailing narrative surrounding the Halving Event and the doubling of Bitcoin's market capitalization. Specifically, he emphasizes that the growth in Bitcoin's active addresses does not align with the anticipated market expansion, suggesting a potential disparity in the current valuation. Lombardo's data-driven analysis underscores the need for careful evaluation of Bitcoin's trajectory and the development of appropriate risk management strategies in light of these market indicators.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.