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cryptonews

2022-11-29 21:16:00

Crypto Expert Willy Woo Predicts Bitcoin Bottom is Close Using On-Chain Data – Here’s What You Need to Know

Crypto Expert Willy Woo Predicts Bitcoin Bottom is Close Using On-Chain Data – Here’s What You Need to Know

The popular Bitcoin (BTC) and crypto on-chain analyst Willy Woo has predicted that the bottom of the current Bitcoin bear market is close, given the share of the BTC supply that is considered “underwater.” Using his so-called “Max Pain” model, Woo said on Twitter this weekend that a macro cycle bottom for bitcoin historically has been seen when 58% to 61% of the BTC supply is underwater, or held by investors sitting on an unrealized loss.... Read More: Crypto Expert Willy Woo Predicts Bitcoin Bottom is Close Using On-Chain Data – Here’s What You Need to Know

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