Bitcoin maximum drawdown1/10/2024 Join us on Telegram and follow us on Google News. Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief.Ĭan’t wait? Get our news the fastest way possible. Risk: despite BTCs volatility, the portfolio as a whole is not significantly more volatile (10.4 vs 9.3 for portfolio 1). Subscribe to Blockworks’ free newsletter now. When comparing cycles focusing on candle close only the current drawdown looks acceptable. Get the day’s top crypto news and insights delivered to your email every evening. Bitcoin Maximum Drawdown (3M) A lot were waiting for a -85 drawdown for BTC to bottom. This is normally calculated by getting the difference between a relative peaks in equity capital minus a relative trough. The bear market that followed the 20k ATH in December 2017 was almost as bad, lasting 364 days with a maximum drawdown of 84. It is the reduction in asset value after a series of losing trades. The current 222-day long drawdown of -73 may feel painful, but the faith of bitcoin hodlers was tested much harder in 20. “At the moment there’s a lot up in the air around Binance, as well as the liquidations that could take place from FTX and Celsius,” Beke said. Xtra Bitcoin Maximum DrawdownMaximum Drawdown (or MDD) is another indicator of risk. In a recent tweet, the on-chain analytics firm Glassnode compared the latest Bitcoin rally. Still, uncertainty surrounding the US market and its approach to digital asset regulation has given traders pause, particularly as the asset’s four-year halving event swiftly approaches. The Current Bitcoin Rally Has Seen A Peak Drawdown Of -18.6 So Far. “We think it’s a mix of big tech being fairly parabolic, but it looks like they might cool down a bit,” he said. When asked if traders were looking to sell following excess market froth following Blackrock’s spot bitcoin ETF application, Beke said they were wary of potential declines and as such are not making significant moves in either direction.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |