BNB - Quarterly Burns and the effects on the BTC and USDT pairs
For the majority, it almost seems to act as a mini BTC halving simulation.
We see an increase in price/demand leading up to it, a quick selloff a week or so before the burn, a continued drop until halfway before the next burn, upon which the price begins to recover, and often reaches new highs.
The pattern is a lot more evident on the BTC pairing, but still not rock solid. There've been a couple months that don't obey the pattern, but I thought it was worth mentioning.
Take it how you wish.
We see an increase in price/demand leading up to it, a quick selloff a week or so before the burn, a continued drop until halfway before the next burn, upon which the price begins to recover, and often reaches new highs.
The pattern is a lot more evident on the BTC pairing, but still not rock solid. There've been a couple months that don't obey the pattern, but I thought it was worth mentioning.
Take it how you wish.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.