{"id":666044,"date":"2024-12-21T07:00:47","date_gmt":"2024-12-21T07:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=666044"},"modified":"2024-12-21T05:26:51","modified_gmt":"2024-12-21T05:26:51","slug":"bitcoin-drops-below-98k-is-this-the-perfect-buying-opportunity-for-investors","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-drops-below-98k-is-this-the-perfect-buying-opportunity-for-investors\/","title":{"rendered":"Bitcoin Drops Below $98K\u2014Is This the Perfect Buying Opportunity for Investors?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors.<\/p>\n<p data-pm-slice=\"1 1 []\">Concerns have surfaced about whether this downturn signals the <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-cycle-top-on-chain-signals-you-need-to-know\/\" target=\"_blank\" rel=\"noopener \">conclusion of the current bull cycle<\/a> or merely represents a temporary setback.<\/p>\n<p data-pm-slice=\"1 1 []\">While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin\u2019s trajectory, as analyzed by CryptoQuant\u2019s Avocado Onchain in a recent <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/676560ef057c962db2c35727-Short-Term-Bitcoin-Correction-A-Buying-Opportunity-Amid-Investor-Concerns\" target=\"_blank\" rel=\"noopener nofollow\">report<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-reclaims-100000-warning-signs-emerge-from-long-term-investors\/\" target=\"_blank\" rel=\"noopener \">As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Opportunity Or End of The Bull Cycle?<\/h2>\n<p data-pm-slice=\"1 1 []\">According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin\u2019s recent peak at <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-96000-98000\/\" target=\"_blank\" rel=\"noopener \">$98,000 places<\/a> them in a loss-making position.<\/p>\n<p data-pm-slice=\"1 1 []\">However, for those who invested between one to three months ago, the <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-reclaims-100000-warning-signs-emerge-from-long-term-investors\/\" target=\"_blank\" rel=\"noopener \">realized price<\/a> is significantly lower at $71,000, offering a cushion against the current correction.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/329306\/quicktake\/RXMwTIXw_be97f9a60cb1a775b82e18c2537fd008f89603d487ff3851fe873e6db11990c3.png?resize=1280%2C719&#038;ssl=1\" alt=\"Bitcoin UTXO Age bands.\" width=\"1280\" height=\"719\"><figcaption class=\"wp-caption-text\">Bitcoin UTXO Age bands. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">Avocado pointed out that historical patterns from Bitcoin\u2019s 2021 bull cycle reveal similar alternations between record highs and sharp corrections, suggesting that these dips may not necessarily indicate the end of the cycle. Instead, they have historically been &#8220;opportunities&#8221; for market rebalancing and subsequent growth.<\/p>\n<p data-pm-slice=\"1 1 []\">A key indicator analyzed is the 30-day <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-data-reveals-no-significant-panic-selling-in-the-market-shakeout-or-trend-shift\/\" target=\"_blank\" rel=\"noopener \">moving average<\/a> of the short-term SOPR (Spent Output Profit Ratio). This metric tracks whether recent market participants are selling at a profit or a loss.<\/p>\n<p data-pm-slice=\"1 1 []\">The current SOPR data reveals that recent short-term inflows into Bitcoin have yet to result in substantial profit-taking. Unlike previous cycle peaks characterized by aggressive selling, the ongoing correction appears subdued, indicating that the market may still have room for upward movement.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/329306\/quicktake\/0vOnvCnM_6c7bc7fcb7ab8e6fa53d9531b98bd13ab31dbbcbc0c5d7983dbc2a6686f4b858.png?resize=1280%2C719&#038;ssl=1\" alt=\"Bitcoin short-term Spent Output Profit Ratio\" width=\"1280\" height=\"719\"><figcaption class=\"wp-caption-text\">Bitcoin short-term Spent Output Profit Ratio. | Source: CryptoQuant<\/figcaption><\/figure>\n<h2 data-pm-slice=\"1 1 []\">Bitcoin Short-Term Dips vs. Long-Term Trends<\/h2>\n<p data-pm-slice=\"1 1 []\">Additionally, Avocado Onchain highlights the importance of distinguishing between short-term corrections and broader cycle trends. Bitcoin\u2019s tendency to <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-crashes-where-nearest-on-chain-support\/\" target=\"_blank\" rel=\"noopener \">rebound after corrections<\/a> in past bull cycles reinforces the notion that the current downturn might not mark the cycle\u2019s end.<\/p>\n<p data-pm-slice=\"1 1 []\">These insights align with the behaviour of long-term holders, who often use corrections to consolidate their positions, strengthening market resilience.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-cycle-top-on-chain-signals-you-need-to-know\/\" target=\"_blank\" rel=\"noopener \">Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know<\/a><\/div>\n<p>Avocado concluded the analysis, noting:<\/p>\n<blockquote><p>For investors who have yet to enter the market, this may be an excellent opportunity to buy Bitcoin at a discount. Instead of succumbing to panic selling during short-term downturns, adopting a long-term perspective and a dollar-cost averaging (DCA) strategy could be a more effective approach.<\/p><\/blockquote>\n<p>At the time of writing, Bitcoin is seeing a gradual rebound in its price surging by 1.3% in the past 1 hour. Regardless, the asset still appears to be overshadowed by the bears as BTC remains down by 3.5% in the past day and 10.5% from its peak of <span data-price-target=\"price\" data-price-json=\"{&quot;aed&quot;:397176.0642605423,&quot;ars&quot;:110429939.28180757,&quot;aud&quot;:170459.7626006356,&quot;bch&quot;:270.6770577460594,&quot;bdt&quot;:12923467.081233302,&quot;bhd&quot;:40779.3270168402,&quot;bmd&quot;:108134.70395538819,&quot;bnb&quot;:143061.5164520744,&quot;brl&quot;:668996.9729608005,&quot;btc&quot;:1.0033005057217026,&quot;cad&quot;:154601.80826557794,&quot;chf&quot;:96825.65221162191,&quot;clp&quot;:106447802.57368423,&quot;cny&quot;:787826.1991373769,&quot;czk&quot;:2581928.0009546475,&quot;dkk&quot;:767870.3720612258,&quot;dot&quot;:18692.556970479607,&quot;eos&quot;:169132.29207125682,&quot;eth&quot;:624.2026756165253,&quot;eur&quot;:102937.53381388432,&quot;gbp&quot;:85193.60210714079,&quot;gel&quot;:303317.6283254561,&quot;hkd&quot;:840304.5116404465,&quot;huf&quot;:42176463.29266553,&quot;idr&quot;:1743354930.2991168,&quot;ils&quot;:388506.90504443867,&quot;inr&quot;:9181699.762491161,&quot;jpy&quot;:16622796.53922878,&quot;krw&quot;:155436460.14370376,&quot;kwd&quot;:33260.288512006235,&quot;lkr&quot;:31487301.308752693,&quot;ltc&quot;:1217.7225653305416,&quot;mmk&quot;:226866608.8984046,&quot;mxn&quot;:2182796.3205730715,&quot;myr&quot;:482983.6552167417,&quot;ngn&quot;:169068331.99699447,&quot;nok&quot;:1209463.5229143705,&quot;nzd&quot;:187730.6049775744,&quot;php&quot;:6380511.563983739,&quot;pkr&quot;:30086453.74175291,&quot;pln&quot;:438883.,&quot;rub&quot;:11257761.674023286,&quot;sar&quot;:406304.2552949363,&quot;sek&quot;:1183456.477804876,&quot;sgd&quot;:146014.61515507265,&quot;thb&quot;:3701450.91639294,&quot;try&quot;:3783622.5860633445,&quot;twd&quot;:3514972.6194218723,&quot;uah&quot;:4528596.948447871,&quot;usd&quot;:108134.70395538819,&quot;vef&quot;:8618768857.093742,&quot;vnd&quot;:2750119810.506537,&quot;xag&quot;:3580.60,&quot;xau&quot;:41.0,&quot;xdr&quot;:82496.,&quot;xlm&quot;:789420.2560850454,&quot;xrp&quot;:159288.0595044857,&quot;yfi&quot;:15.920668366673754,&quot;zar&quot;:1963193.0116046467,&quot;bits&quot;:1058235.7939525498,&quot;link&quot;:74906.24576061158,&quot;sats&quot;:105823579.39525498}\" data-prev-price=\"108134.70395538819\">$108,135 recorded last week.<\/span><i class=\"fas fa-fw fa-caret-down\"><\/i><\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/XunUvdNZ\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on<a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT.P\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin\u2019s trajectory, as analyzed by CryptoQuant\u2019s Avocado Onchain in a recent report. Related Reading: As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors Opportunity Or End of The Bull Cycle? According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin\u2019s recent peak at $98,000 places them in a loss-making position. However, for those who invested between one to three months ago, the realized price is significantly lower at $71,000, offering a cushion against the current correction. Avocado pointed out that historical patterns from Bitcoin\u2019s 2021 bull cycle reveal similar alternations between record highs and sharp corrections, suggesting that these dips may not necessarily indicate the end of the cycle. Instead, they have historically been &#8220;opportunities&#8221; for market rebalancing and subsequent growth. A key indicator analyzed is the 30-day moving average of the short-term SOPR (Spent Output Profit Ratio). This metric tracks whether recent market participants are selling at a profit or a loss. The current SOPR data reveals that recent short-term inflows into Bitcoin have yet to result in substantial profit-taking. Unlike previous cycle peaks characterized by aggressive selling, the ongoing correction appears subdued, indicating that the market may still have room for upward movement. Bitcoin Short-Term Dips vs. Long-Term Trends Additionally, Avocado Onchain highlights the importance of distinguishing between short-term corrections and broader cycle trends. Bitcoin\u2019s tendency to rebound after corrections in past bull cycles reinforces the notion that the current downturn might not mark the cycle\u2019s end. These insights align with the behaviour of long-term holders, who often use corrections to consolidate their positions, strengthening market resilience. Related Reading: Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know Avocado concluded the analysis, noting: For investors who have yet to enter the market, this may be an excellent opportunity to buy Bitcoin at a discount. Instead of succumbing to panic selling during short-term downturns, adopting a long-term perspective and a dollar-cost averaging (DCA) strategy could be a more effective approach. At the time of writing, Bitcoin is seeing a gradual rebound in its price surging by 1.3% in the past 1 hour. Regardless, the asset still appears to be overshadowed by the bears as BTC remains down by 3.5% in the past day and 10.5% from its peak of $108,135 recorded last week. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":666063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-666044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Bitcoin Drops Below $98K\u2014Is This The Perfect Buying Opportunity For Investors?<\/title>\n<meta name=\"description\" content=\"Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. 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These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. 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