Bitcoin's Price Plunge: What's Next for BTC?
TL;DR Summary
Bitcoin's daily transaction volume has reached a two-year high, but its value has fallen by over 5% in the past 24 hours, leading to a shift in market sentiment from bullish to bearish. The coin's Weighted Sentiment has turned negative, indicating a significant increase in bearish sentiment. Additionally, the ratio of BTC's daily transaction volume in profit to loss suggests that more transactions are resulting in a loss rather than a profit. Miner activity on the Bitcoin network has also seen a decline, with the amount of coins held in miners' wallets dropping by 1%.
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