2 Bitcoin worth indicators counsel BTC has not bottomed but By Cointelegraph

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2 Bitcoin price indicators suggest BTC has not bottomed yet

Traders are using various strategies to determine whether Bitcoin’s price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious.

Has Bitcoin’s price bottomed yet? According to Twitter user Noshitcoins, derivatives and on-chain data signal that further downside could be in store.

30-day options 25% delta skew. Source: laevitas.ch
Active supply that transacted at least once in the trailing 30 days. Source: Coin Metrics