Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX – Mail Bonus

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The current bear market Bitcoin (BTC) is one of the worst, according to a report from the chain analysis company Glassnode. This was the first time in history that the Mayer Multiple dropped below the low of the previous round. The fall of Bitcoin to $ 20,000 on June 18 also marked the biggest loss for investors in a single day, or $ 4.23 billion. In view of the above factors and several other events, Glassnode believes that the submission of Bitcoin could have begun.

Bitcoin whales seem to have started their purchases, indicating that the bottom may be close, and on June 25, the analysis program “Game of Trades” showed that demand from whales with 1,000 to 10,000 Bitcoin witnessed a sharp increase in demand.

Daily performance of the cryptocurrency market. Source: Coin 360

Another sign that traders are buying comes from Glassnode’s comments, which indicate that the 30-day average change in supply held on stock exchanges fell by 153,849 Bitcoin on June 26, the largest in history.

Could bulls continue to buy dips and form higher minimums? Let’s look at the charts of the top 10 cryptocurrencies to find out.