PANews, November 14: On-chain analyst Checkmate noted that during the current Bitcoin sell-off, its mean reversion index has dropped to Q18 (the bottom 18% of the distribution range), below Q20, which is considered the deep value zone. This marks the fourth capitulation sell-off since the all-time high, with daily selling volume doubling from approximately $420 million to over $850 million, with over 85% coming from investors who bought near the recent $80,000 peak. In contrast, long-term holders remain largely in profit and have barely sold.
Bitcoin in Deep Value Zone as Long-Term Holders Avoid Major Selling
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Summary
Bitcoin is entering a deep value zone, with the mean reversion index at Q18, below Q20, according to Checkmate. Value investing in crypto is gaining momentum, as long-term investment strategies demonstrate resilience. Daily selling has surged to $850 million, primarily from recent buyers who purchased at the $80,000 highs. Long-term holders remain profitable and have not sold in significant amounts.
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