Bitcoin (BTC) Hodlers Capitulating As Stock Market Turmoil Grips BTC: On-Chain Analyst Willy Woo
– On-chain analyst Willy Woo says turmoil in the global markets is leading crypto investors to disregard Bitcoins fundamentals and sell their BTC.
– Woo tells his one million Twitter followers that the start of this weeks capitulation was led by futures selling.
– The trader says hes not certain if Bitcoin has reached its bottom yet or not.
– Woo notes that Bitcoins liquid supply shock ratio has dropped off a cliff.
– The analyst says one big reason for that high number is the Luna Foundation Guard (LFG), a non-profit organization built to support the Terra (LUNA) ecosystem.
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