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There has been a lot of noise by many analysts and enthusiasts about Bitcoin, and crypto in general, exploding by the end of 2021. And to say the least, the end is here, and the forecasts don’t look like they will transpire. Raoul Pal took to twitter to blast a 24-tweet series about his analysis and insights on the current crypto market.
The tweets by Raoul gave an in-depth explanation of the behavioral trends, analysis based on reliable models, and a plethora of graphical data that hints at the real problem with the crypto market.
Raoul started off the tweet storm by saying “There is a lot going on in the digital asset space but also nothing going on and that is the problem…”
Raoul is taking into account the fact that since 2020, the market volume seems to be constant, and he supported this via graphical data which points at the stagnancy of Bitcoin volumes in the past 2 years. He supports this with a tweet that read, “It seems that retail activity peaked at the beginning of 2021, But that has been replaced by institutions (here measured by wallets with over $10m - which are rising in general but the numbers are still pretty small).”
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