EddieJayonCrypto
8 Apr 25
CoinShares head of research James Butterfill dismissed the "Bitcoin death cross" indicator as "nonsense," citing historical data that suggests these events often lead to positive returns rather than prolonged declines. He analyzed 11 past death cross occurrences and found that while Bitcoin usually ...
CoinShares analyst debunks Bitcoin death cross as ‘nonsense’ - Kraken Pro:
CoinShares head of research James Butterfill dismissed the "Bitcoin death cross" indicator as "nonsense," citing historical data that suggests these events often lead to positive returns rather than prolonged declines. He analyzed 11 past death cross occurrences and found that while Bitcoin usually registers slight losses within one month after the event, the median and mean values for the following three and six months are positive. The historical data shows that one month after a death cross, Bitcoin's median return was -1.6%, but the average improved to 13.6% at the three-month mark. Six-month and 12-month returns were even more favorable, with average returns of 17.0% and 52.3% respectively, although the median one-year return remained negative at -17.2%. Butterfill argued that the pattern lacks empirical reliability and often presents a good buying opportunity.