BTC, MATIC, EOS, XMR, AAVE


Bitcoin (Bitcoin) Efforts are being made to maintain any price level during the current pullback, which indicates insufficient demand at higher levels. Does this mean that the bull market trend is over, and institutional investors are abandoning the cryptocurrency market?

Do not! in contrast. Glassnode’s weekly news Point out The Grayscale Bitcoin Trust (GBTC) premium is rising, which indicates that the accumulation level of institutional investors is low.

Not only GBTC, it is another popular tool for institutional investors. Canadian Purpose Bitcoin exchange-traded funds have also witnessed strong capital inflows. According to Glassnode analysts, this is an “early sign of the re-emergence of institutional interest”.

Daily view of cryptocurrency market data. source: Coin 360

Another indicator might be Send signal Bitcoin’s dominance may bottom out, which looks similar to early 2017. If Bitcoin’s dominance follows a similar trajectory to 2017, it indicates that Bitcoin is still some distance from its peak and there is still room to run during the altcoin season.

Now that the monthly options and futures expire, investors may want to know whether Bitcoin can start a sharp recovery next week, and if this happens, which altcoins will rebound.

Let’s take a look at 5 cryptocurrencies that may start to trend changes this week.