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Why Bitcoin dollar-cost-averaging could be your best bet in current market

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  • Bitcoin has been steadily falling over the last couple of weeks, largely due to the FTX crash
  • Institutional investors such as Purpose Bitcoin ETF Holdings have yet to buy back despite the discount.

The latest crash in Bitcoin (BTC) has done more harm than good to investor sentiment. Those who have followed the market closely may have noticed that investors are quite shy about buying back.

If you’re in the same boat, here are a few considerations that may help you better understand the current situation.


Read Bitcoin (BTC) Price Prediction 2023-24


The price of Bitcoin has been steadily falling over the past couple of weeks, largely due to the FTX crash. Reports of FTX hackers soon followed suit. BTC has barely had enough time to make a significant recovery, and its latest performance is a ghost of its former, highly volatile self. The price is not the only thing that has affected.

Investor sentiment also took a huge hit, undermining Bitcoin’s ability to recover. Investors are afraid to buy back just because the price goes down. In addition, most buyers are still standing on the sidelines in fear of post-FTX risks. Institutional demand is one segment that has taken a big hit.

Source: Glassnode

Institutional investors such as Purpose Bitcoin ETF Holdings have yet to buy back despite the discount. This is a confirmation that investors are waiting for the market to recover.

The lack of significant demand is reflected in the low execution of leveraged positions following the latest crash. This is reflected in the Bitcoin futures valuation, which fell significantly this week.

Estimated Leverage for Bitcoin Futures

Why Dollar Cost Averaging Makes the Most Sense for Bitcoin

Many investors are still afraid to buy BTC, especially now. This has affected its ability to bounce back. However, that does not mean that the current market situation is a bad time to buy.

The market may recover gradually, and those waiting for an opportunity to buy the bottom have lost their chance. On the other hand, it could still go down.

Timing the market is quite difficult, especially in the current market situation. So the best strategy would be dollar-cost averaging after each drop.

Following whale footprints can also be a useful strategy. For example, BTC has seen some relief to the bears over the past two days. It’s no coincidence that whales have been accumulating over the same period, contributing to the latest surge.

Bitcoin addresses with more than 1000 BTC

Well, Bitcoin is heavily discounted from its current peak, which means that the current price level is ideal for entering the market. However, there is a risk that the downside is even greater, but then BTC has a history of unexpected rallies. A dollar-cost averaging strategy during each decline is the best bet for long-term investors.

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