According to a new report by Vetle Lunde, Head of Research at K33, Bitcoin has underperformed the Nasdaq index on 70% of trading days over the past month, and is currently 30% weaker relative to the index than it was on October 8th. The recent Bitcoin sell-off is nearing saturation, evidenced by panic selling signals in the spot market and ETP trading streams. Bitcoin's severe underperformance relative to stocks, and its significant disconnect from fundamentals, presents a strong long-term relative buying opportunity. (The Block)
Analysts: Bitcoin Sell-Off Nears Saturation, Now May Be a Relatively Strong Buying Opportunity
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Source:KuCoin News
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