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Analyst Darkfost: A 20% S&P pullback does not mean Bitcoin will fall to $10,000.

PANews October 17 news: on-chain analyst Darkfost published a post rebutting the scenario that Bitcoin could fall to $10,000 after a major correction in U.S. stocks. He said that under his statistical framework, BTC falling to $10,000 would mean a drawdown of about 92% from its all-time high; in Bitcoin's history, only 2011 saw a daily closing price drawdown exceeding 92%.

Darkfost believes that as Bitcoin's market capitalization has expanded substantially compared with its early days, its resilience to drawdowns has also strengthened, and a decline of more than 20% in the S&P 500 index cannot simply be equated with BTC falling to $10,000. He also noted that since Bitcoin's inception, there have been only 5 periods in which the S&P fell by more than 20%, so the historical sample is limited.

Labarai masu alaƙa

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  3. Saylor ya sake wallafa bayanan Bitcoin Tracker, mai yiwuwa zai bayyana ƙarin bayanan riƙe da ya ƙara a gobe.

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  5. Ƙimar robot ɗin ta fara tashi, kuma jari ya fara sake nazarin lissafin.

    Game da basirar da ke cikin jiki, kasuwar jari ta riga ta ƙaddamar da gasa kan makomar gaba tun da wuri. Yanzu, wani sabon rarrabuwa yana fitowa a cikin wannan...