3 metrics contrarian crypto investors use to know when to buy Bitcoin By Cointelegraph


3 metrics contrarian crypto investors use to know when to buy Bitcoin

Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falling knife usually keeps most investors planted on the sidelines.

The month of May has been especially challenging for crypto holders because (BTC) dropped to a low of $26,782, and some analysts are now predicting a sub-$20,000 BTC price in the near future. It’s times like these when fear is running rampant that the contrarian investor looks to establish positions in promising assets before the broader market comes to its senses.

Crypto Fear & Greed Index. Source: Alternative
Fear & Greed returns for BTC. Source: Jarvis Labs
Number of Bitcoin addresses with a balance of at least 10,000 BTC. Source: Glassnode
Number of Bitcoin addresses with a balance of at least 10,000 BTC. Source: Glassnode
Bitcoin average mining cost. Source: MacroMicro
Bitcoin average mining cost. Source: MacroMicro