Veteran on-chain analyst Willy Woo says that altcoins will get continuously less explosive over time as the crypto market matures. Woo tells his 1.1 million followers on the social media platform X that the current market cycle has been “markedly different” from the others given that it is the third time that altcoins are reaching […]
The post Willy Woo Says Altseasons Will Get Weaker and Weaker Each Market Cycle – Here’s Why appeared first on The Daily Hodl.
Trader Willy Woo reflected on market trends and the behavior of altcoins in what he called this third alt-cycle. This cycle, Woo stated, is marked by the emergence of meme coins, “a piss-take on the crypto space.” Unlike the last cycle, which Woo linked to the appearance of decentralized finance (defi), he believes this time, […]
Popular crypto analyst Willy Woo says that the altcoin market cap “is like the cricket bat that has had 10 new handles and 10 new blades.”
Crypto altcoin seasons will probably keep coming, much to the delight of speculative crypto punters, but the intensity of returns will taper off as the market matures, according to a crypto analyst.
“Alt seasons will be weaker each cycle on from the great 2017 alt bubble,” pseudonymous crypto trader Willy Woo opined in an Oct. 26 X post, referencing the year when the “boom” of initial coin offerings (ICOs) — a way to raise capital for a project by selling cryptocurrencies — began.
Willy Woo clarified he’s not saying there won’t be alt seasons, noting that there will “certainly” be mid-cap and low-cap cryptocurrencies “pumping” after Bitcoin’s (BTC) price surges, as “investors chase returns higher up on the risk curve.”
On-chain analyst Willy Woo says one classic indicator is suggesting that now is an opportune time for bulls to position themselves for Bitcoin’s (BTC) next leg up. On the social media platform X, Woo looks at the Puell Multiple, which has often been used to call tops for Bitcoin. The Puell Multiple is a ratio […]
The post Best Opportunity for Bitcoin? BTC Post Halving Re-Accumulation Setup Forming, According to Analyst Willy Woo appeared first on The Daily Hodl.
Popular on-chain analyst Willy Woo is updating his outlook on Bitcoin (BTC), suggesting that the market is starting to look bullish. Woo tells his 1.1 million followers on the social media platform X that Bitcoin may be forming a bull flag pattern, setting the stage for a breakout. In technical analysis, a bull flag is […]
The post Bitcoin Currently Forming a Bullish Chart Pattern, According to On-Chain Analyst Willy Woo – But There’s a Catch appeared first on The Daily Hodl.
A top cryptocurrency analyst and trader is expressing bearish sentiment on Bitcoin (BTC). The analyst pseudonymously known as DonAlt tells the 60,500 subscribers of the Technical Roundup YouTube channel that Bitcoin is likely to lose a key psychological support level and crumble below $60,000. The pseudonymous analyst and trader says, “I think if this range […]
The post Top Analyst Issues Warning on Bitcoin, Says BTC Faces Risk of Breaking Down – Here Are His Targets appeared first on The Daily Hodl.
In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before […]
Bitcoin (BTC) is currently weathering a miner capitulation phase, according to on-chain analyst Willy Woo. Woo tells his 1.1 million followers on the social media platform X that the Bitcoin halving event in April is currently “culling weak miners” The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive […]
The post On-Chain Analyst Willy Woo Says Bitcoin Weathering Miner Capitulation Phase Before Price Rebound appeared first on The Daily Hodl.
If Bitcoin returns to the price it has been hovering around for the previous two days before the slight dip, it would wipe a considerable amount of short positions.
Should Bitcoin (BTC) quickly rebound from its recent dip to its June 6 price of $71,000, over a billion dollars worth of short positions will be liquidated.
On June 7, Bitcoin dropped 3.33% to $68,507 before slightly recovering above its key level of $69,000, amid broader macroeconomic uncertainty triggered by the United States Employment Situation Summary Report, which revealed more job growth than expected during May.
Along with Bitcoin’s price decline, Ether (ETH) also saw a 3.58% decline over the 24 hours, and several altcoins such as Solana (SOL), Dogecoin (DOGE), and Pepe (PEPE) took a hit of 5.61%, 8.70%, 9.99% respectively, according to CoinMarketCap data.
On-chain analyst Willy Woo says there’s a “cascade” of liquidation that’s primed to begin when Bitcoin (BTC) hits $72,000. Woon tells his 1.1 million followers on the social media platform X that $1.5 billion worth of short positions are “ready to be liquidated all the way up to $75,000 and a new all-time high.” Woo […]
The post $1,500,000,000 Liquidation Cascade Waiting for Bitcoin at $72,000, According To Willy Woo appeared first on The Daily Hodl.
