- Since mid-August, Bitcoin’s stablecoin supply ratio has decreased to 4.5.
- Bitcoin is now trading around the $19.5k mark as per CMC.
מיט עטלעכע וואָכן צוריק, ביטקאָין ס Sharpe ratio began climbing up from its September low of -4.38. It has managed to put itself together, but it is still hovering towards the negative.
To gauge the safety of an investment, this ratio is often used. Therefore, it can be concluded that investors are in a far better position now than they were three weeks ago. The value of -0.52, however, is not particularly promising.
סאַנטימענט recently tweeted about how on September 30th, more than 34,723 BTC were transferred out of exchanges. According to the data aggregator, this might indicate “a hint of trader confidence.”
Bullish Momentum Anticipated
June 17th was the previous time such a massive sum of Bitcoin was transferred out of markets. The subsequent 22% price increase in the asset over the subsequent 4 weeks gave investors reason to be optimistic about the month of October.
Many in the community see this as an opportunity to stock up on Bitcoin. Bitcoin, along with silver and gold, has been labelled a “buying opportunity” by רייַך דאַד נעבעך דאַד מעכאַבער Robert Kiyosaki.
Kiyosaki טוועעטעד:
בייינג געלעגנהייט: אויב פעד האלט רייזינג אינטערעס ראַטעס יו. קויפן מער. ווען פעד פּיוואַץ און טראפנס אינטערעס ראַטעס ווי ענגלאַנד נאָר האט איר וועט שמייכל בשעת אנדערע וויינען. היט זיך
Additionally, since mid-August, Bitcoin’s stablecoin supply ratio has decreased to 4.5, suggesting a rather substantial stablecoin supply. Again, this is consistent with the textbook premise of rising purchase pressure and provides hope for a turnaround.
רעקאַמענדיד פֿאַר איר:
ביטקאָין (בטק) דערוואַרט צו שלאָגן בוללס חודש סוף
Source: https://thenewscrypto.com/author-robert-kiyosaki-sees-bitcoin-buying-opportunity/