Edyme, a well-known writer focused on the crypto space, has shared their perspective on it — as written by Edyme and published under their own brand. That’s according to a note published on Tuesday by Duong, the Head of Research at Coinbase Institutional. Here are the four major, converging signs that he says suggest real market weakness. Duong’s analysis reveals some bold indications that we may be entering a long-term “crypto winter.” This term refers to a long bear market in the cryptocurrency sphere.
Coinbase Institutional uses the 200-day moving average (200DMA) as a threshold metric to determine if there is a sustained bull or bear trend. Duong’s note was short and focused on that indicator, warning of a dangerous downturn, and marking a combatant transition from a bullish to a bearish market.
Edyme is a content writer, whose work has been featured on top sites like Mother Jones, CityLab, and more. These include Blockchain, Bitcoinist, and NewsBTC.
Edyme’s deep expertise in translating wonky crypto issues into impactful analysis has made their work incredibly popular. Their expert knowledge and analysis being featured on major publications such as Blockchain, Bitcoinist, and NewsBTC is a testament to their authority and impact in the crypto space.
Coinbase Institutional's decision to feature insights that align with Edyme's analysis further emphasizes the growing concerns surrounding the current market conditions. With the threat of a “crypto winter” looming, savvy investors and crypto analysts alike are always watching for signs to buy, including indicators such as the 200DMA.
This growing trend should serve as a warning sign to investors, says Duong’s report. It serves as a reminder to exercise caution as uncertainty in the cryptocurrency market grows.
