2 Bitcoin price indicators suggest BTC has not bottomed yet By Cointelegraph

Bitcoin’s carbon footprint hard to estimate By Cointelegraph

2 Bitcoin price indicators suggest BTC has not bottomed yet

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

Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store.

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