Business · Updated 29 Oct, 03:05 pm IST
Crypto investors shift from hype to technical analysis as markets mature
Why it matters for readers: If you're interested in crypto, know that many participants now prefer charts and evidence over social-media hype.
- The 2021 wave of first-time investors in India was driven largely by social-media narratives and quick-gain expectations.1
- As markets matured, a more experienced cohort of traders adopted data-driven, disciplined strategies.1
- Crypto markets are uniquely volatile and run 24/7, with single-day moves for bitcoin often much larger than equity indices.1
- Traders increasingly use technical analysis — past price data, chart patterns, trading volumes and trends — to anticipate price moves.1
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