{"id":649327,"date":"2024-10-23T10:30:22","date_gmt":"2024-10-23T10:30:22","guid":{"rendered":"https:\/\/www.wncen.com\/?p=649327"},"modified":"2024-10-22T16:58:42","modified_gmt":"2024-10-22T16:58:42","slug":"bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know\/","title":{"rendered":"Bitcoin\u2019s Quarterly Performance Hints At Possible Correction\u2014Here\u2019s What You Should Know"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-investors-miners-unusual-exchange-inflow\/\" target=\"_blank\" rel=\"noopener \">cryptocurrency\u2019s broader market stance<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">A CryptoQuant analyst known as &#8220;Crazzyblockk&#8221; recently shared an in-depth <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6717b21589c8224c1bcaa28b-A-Study-of-Bitcoins-Quarterly-Performance\" target=\"_blank\" rel=\"noopener nofollow\">study<\/a> on Bitcoin\u2019s quarterly performance, focusing on<a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-signal-least-70-surge-has-formed-again\/\" target=\"_blank\" rel=\"noopener \"> key metrics<\/a> like the asset\u2019s market capitalization and realized capitalization.<\/p>\n<p data-pm-slice=\"1 1 []\">According to the analyst, examining these metrics every quarter can offer valuable insights into long-term trends and potential future price movements.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-signal-least-70-surge-has-formed-again\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Signal That Led To At Least 70% Surge Has Formed Again<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Current Market Signals Resemble 2021 Boom<\/h2>\n<p data-pm-slice=\"1 1 []\">The analysis highlights how fluctuations in Bitcoin\u2019s market cap and realized cap signal bullish and bearish trends over time. Market cap refers to the total value of all BTC in circulation, while realized cap measures the value based on the price at which each Bitcoin last moved.<\/p>\n<p data-pm-slice=\"1 1 []\">Historically, when the market cap grows faster than the realized cap, it often signals the beginning of selling pressure, leading to bear markets. Conversely, when the market cap declines while the realized cap holds steady or rises, Bitcoin tends to find its price bottom, indicating potential buying opportunities.<\/p>\n<p data-pm-slice=\"1 1 []\">Crazzyblockk\u2019s analysis parallels Bitcoin\u2019s current market situation and behavior during the 2021 boom. During that period, rapid market cap growth led to significant <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-sharp-crash-67000\/\" target=\"_blank\" rel=\"noopener \">selling pressure<\/a>, eventually correcting prices.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/408039\/quicktake\/8Fu3TlwR_ad0657678684df92793bafb8921c935574c912b4b6a74190acec818dac8e99b5.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin quarterly performance.\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin quarterly performance. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">According to the analyst, Bitcoin is currently in a similar position. While the market cap has seen a notable increase, the realized cap continues to rise, indicating the possibility of another major price correction on the horizon.<\/p>\n<p>The analyst\u2019s study also points out that sustained growth in the realized cap, without corresponding support from the market cap, tends to trigger corrections as investors realize their profits.<\/p>\n<p>This phenomenon is particularly relevant in the<a href=\"https:\/\/www.wncen.com\/bitcoin-news\/market-analyst-charts-the-bitcoin-journey-to-70000-weekly-price-action-insights\/\" target=\"_blank\" rel=\"noopener \"> current market environment<\/a>, where Bitcoin\u2019s price has surged in recent months but faces challenges in maintaining its upward trajectory. Crazzyblockk warns that a correction may be inevitable if Bitcoin\u2019s market cap cannot sustain its current levels.<\/p>\n<h2>Bitcoin Market Performance<\/h2>\n<p>Meanwhile, Bitcoin appears to be seeing a cooling-off in the positive price performance seen earlier in recent weeks. So far, the asset has increased by nearly 10% in the past 14 days, reclaiming major highs and even approaching the $70,000 price mark with a high of $69,227 seen yesterday.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-retail-activity-soars-after-4-month-slump-would-a-72-rally-follow\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Retail Activity Soars After 4-Month Slump\u2014Would A 72% Rally Follow?<\/a><\/div>\n<p>However, the past-day performance of Bitcoin suggests a cool-off of this price increase. Over this period, Bitcoin had fallen below $67,000 with a current trading price of $66,980.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/LEhtLKfs\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on<a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=OANDA%3AXAUUSD\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<p>Regardless of this price correction, some analysts remain <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-retail-activity-soars-after-4-month-slump-would-a-72-rally-follow\/\" target=\"_blank\" rel=\"noopener \">bullish<\/a>. Particularly, a renowned crypto analyst known as Moustache on X has recently highlighted in a recent <a href=\"https:\/\/x.com\/el_crypto_prof\/status\/45407304\" target=\"_blank\" rel=\"noopener nofollow\">post<\/a> that &#8220;Bitcoin has broken out of a falling channel that has been in place for over 7 months.&#8221;<\/p>\n<figure id=\"attachment_649333\" aria-describedby=\"caption-attachment-649333\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649333 size-large\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=860&#038;resize=860%2C436\" alt=\"Bitcoin (BTC) price chart\" width=\"860\" height=\"436\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=2560 2560w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=1536 1536w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=2048 2048w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=750 750w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/Gae8wFvXcAAR-QS.jpeg?w=1140 1140w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-649333\" class=\"wp-caption-text\">Bitcoin (BTC) price chart. | Source: Moustache on X<\/figcaption><\/figure>\n<p>The analyst added that this price action is &#8220;reminiscent&#8221; of 2020 before the rally. Commenting on the ongoing decline in BTC, the analyst said: &#8220;Are bears celebrating a retest? They will be surprised soon.<\/p>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the cryptocurrency\u2019s broader market stance. A CryptoQuant analyst known as &#8220;Crazzyblockk&#8221; recently shared an in-depth study on Bitcoin\u2019s quarterly performance, focusing on key metrics like the asset\u2019s market capitalization and realized capitalization. According to the analyst, examining these metrics every quarter can offer valuable insights into long-term trends and potential future price movements. Related Reading: Bitcoin Signal That Led To At Least 70% Surge Has Formed Again Current Market Signals Resemble 2021 Boom The analysis highlights how fluctuations in Bitcoin\u2019s market cap and realized cap signal bullish and bearish trends over time. Market cap refers to the total value of all BTC in circulation, while realized cap measures the value based on the price at which each Bitcoin last moved. Historically, when the market cap grows faster than the realized cap, it often signals the beginning of selling pressure, leading to bear markets. Conversely, when the market cap declines while the realized cap holds steady or rises, Bitcoin tends to find its price bottom, indicating potential buying opportunities. Crazzyblockk\u2019s analysis parallels Bitcoin\u2019s current market situation and behavior during the 2021 boom. During that period, rapid market cap growth led to significant selling pressure, eventually correcting prices. According to the analyst, Bitcoin is currently in a similar position. While the market cap has seen a notable increase, the realized cap continues to rise, indicating the possibility of another major price correction on the horizon. The analyst\u2019s study also points out that sustained growth in the realized cap, without corresponding support from the market cap, tends to trigger corrections as investors realize their profits. This phenomenon is particularly relevant in the current market environment, where Bitcoin\u2019s price has surged in recent months but faces challenges in maintaining its upward trajectory. Crazzyblockk warns that a correction may be inevitable if Bitcoin\u2019s market cap cannot sustain its current levels. Bitcoin Market Performance Meanwhile, Bitcoin appears to be seeing a cooling-off in the positive price performance seen earlier in recent weeks. So far, the asset has increased by nearly 10% in the past 14 days, reclaiming major highs and even approaching the $70,000 price mark with a high of $69,227 seen yesterday. Related Reading: Bitcoin Retail Activity Soars After 4-Month Slump\u2014Would A 72% Rally Follow? However, the past-day performance of Bitcoin suggests a cool-off of this price increase. Over this period, Bitcoin had fallen below $67,000 with a current trading price of $66,980. Regardless of this price correction, some analysts remain bullish. Particularly, a renowned crypto analyst known as Moustache on X has recently highlighted in a recent post that &#8220;Bitcoin has broken out of a falling channel that has been in place for over 7 months.&#8221; The analyst added that this price action is &#8220;reminiscent&#8221; of 2020 before the rally. Commenting on the ongoing decline in BTC, the analyst said: &#8220;Are bears celebrating a retest? They will be surprised soon. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":647918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,6848,1119,78790,6664],"class_list":["post-649327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\n<title>Bitcoin Quarterly Performance Hints At Possible Correction\u2014Here\u2019s What You Should Know<\/title>\n<meta name=\"description\" content=\"As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the cryptocurrency\u2019s broader market...\" \/>\n<meta name=\"robots\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin\u2019s Quarterly Performance Hints At Possible Correction\u2014Here\u2019s What You Should Know","url":"http:\/\/www.wncen.com\/bitcoin-news\/bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/bitcoin-news\/bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/bitcoin_fb3f0e.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/bitcoin_fb3f0e.jpg?fit=1920%2C1280"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin price prediction","btc","btcusdt","crypto"],"dateCreated":"2024-10-23T10:30:22Z","datePublished":"2024-10-23T10:30:22Z","dateModified":"2024-10-23T10:30:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin\\u2019s Quarterly Performance Hints At Possible Correction\\u2014Here\\u2019s What You Should Know\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/bitcoin-quarterly-performance-hints-at-possible-correction-heres-what-you-should-know\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/bitcoin_fb3f0e.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/bitcoin_fb3f0e.jpg?fit=1920%2C1280\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin price prediction\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2024-10-23T10:30:22Z\",\"datePublished\":\"2024-10-23T10:30:22Z\",\"dateModified\":\"2024-10-23T10:30:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/bitcoin_fb3f0e.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/649327"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=649327"}],"version-history":[{"count":3,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/649327\/revisions"}],"predecessor-version":[{"id":649338,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/649327\/revisions\/649338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/647918"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=649327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=649327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=649327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}