'Emotionally Bull and Bear Market'
These on-chain data represent the rate of (short-term) Bitcoin purchases from 1 week to 1 month.
As with all investment products, this indicator shows that people always buy near the highs.
And the longer the market has been down, the less short-term purchases have been made.
If someone talks about a bear market at the end of a bull market, people won't believe it.
At the end of a bear market, if someone talks about a bull market, people won't believe it.
And most of those who say they will buy when the BTC price drops, do not really buy when the price drops for a long time.
Like most things, the market moves against people's psychology and I'm not sure when it will happen, but as it is now, if no one is buying, the whales will eventually raise the price.
@CryptoTech_Signals
