The crypto market is ailing. All top coins come under selling pressure and shift into reverse gear at the weekend. Are there any signs of a downward trend?After months of upward trend, the crypto market is showing the first signs of fatigue. While the Bitcoin price rose to 51,000 US dollars in yesterday\u2019s trading, it fell to 45,321 US dollars with a 24-hour loss of 11 percent at the time of going to press. The Altcoins also clearly had to give up. With the exception of Cardano (ADA) and the Stablecoin Tether (USDT), all top coins recorded price losses in the double-digit percentage range. Binance Coin (BNB) and Polkadot (DOT) each got hit particularly hard with a 15 percent discount. But Ethereum is also turning significantly south, with a minus of 13 percent compared to the day. Have the bears awakened from hibernation?While the bulls have had the market firmly under control in the past few weeks, the bears are now coming back loudly. In just 24 hours, total market capitalization dropped by $ 160 billion. Bitcoin market capitalization has slipped back below the 1 trillion mark since Tuesday, falling to $ 850 billion.Even if the war of direction between bears and bulls takes place at the 50,000 mark, the indicators continue to point to growth. According to Ki Young Ju, CEO of the blockchain data platform CryptoQuant, there were massive re-purchases in yesterday\u2019s trading. Around 13,000 Bitcoin have flowed from the Coinbase crypto exchange to several Coinbase Depot wallets. According to this, \u201cUS institutional investors were still buying Bitcoin at a price of 48k.\u201d According to Ju, this is \u201cthe strongest bullish signal\u201d he has \u201cever seen.\u201dGlassnode CEO Rafael Schultze-Kraft also agrees with Ju . Accordingly, \u201cthe amount of illiquid Bitcoin supply in the network has grown faster than\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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