Crypto Market Compass 8 July 2024
• Last week, cryptoassets continued to underperform on account ongoing profit-taking by large long-term holders • Our in-house “Cryptoasset Sentiment Indicator” has declined sharply and signals bearish sentiment again • Ongoing profit-taking by large long-term holders such as German government entities or the Mt Gox trustee will likely continue to be a headwind over the.