After keeping the price of $ 107,000 for several days, Bitcoin This main range has finally lost, which led to a declining movement to a threshold of $ 105,000 as it approached Tuesday from its end. A recent report indicates that the sudden withdrawal of BTC is facing a significant increase in profit between investors.
Bitcoin also stumbles, network profit storms
The last bullish momentum in Bitcoin slowed down a little due to the decline in market morale. Meanwhile, the Bitcoin network is witnessing a great return in achieving profits, which appears when the BTC price begins to influence after a noticeable increase.
It was the increasing profit from investors I mentioned By Glassnode, a leading company in the series analyzes on the chain, after examining the BTC profit scale. A Increase profits Classification with low prices means that BTC investors are looking to hold gains in order to avoid more losses.
Data from the basic system on the series shows that the amount of BTC achieved to $ 2.4 billion on Monday. In addition, Glassnode indicated that the simple 7 -day moving average (SMA) has risen of $ 1.52 billion.
According to the platform, SMA for 7 days Achieved profits From $ 1.52 billion higher than average year to the date (YTD), which is about $ 1.4 billion. However, it is still much lower than $ 4 billion to $ 5 billion (7D SMA), which was observed from November to December of last year.
Such high numbers of achieved profits may emphasize a feeling of caution among BTC investors. Many merchants He no longer feels encouraging to stick to coins In light of the decline in prices. If the profits continue to be achieved, it is possible to hinder the attempts to rise, which leads to a correction of the main support levels such as the $ 100,000 sign.
BTC holders in the short term only responsible for making profit
Alpha, the market intelligence platform, has subscriber More ideas about worrying development. It is important to note that the continuous wave of profit on Bitcoin network is dominated The owners of the short term or retail.
These investors seem to benefit from local investors, while selling long -term holders fluctuates at historical levels. This echo stops the previous bull cycle, where strong hands accumulate in silence, instead of surrendering by panic.
The platform also highlighted this ETF flows It is still strong and the whale governor contributes to the decline despite the nails in the achieved profits, which indicates that the structural market of the market The order exists. As fluctuations continue near the resistance levels, high trading volume and active trading hint at the temporary Shakeout phase. However, this is not the stage of complete reflection.
If the demand for low prices and the continued allocation of ETF continues, these periods can be resolved with new upward trends as shown in the past. With BTC hovering near the main resistance levels, the platform stressed the importance of monitoring macro operators and the procedures of their owners in the short term. This is due to the fact that reinstating between these investors may constitute the next price base.
Distinctive photo of Pixabay, Chart from TradingView.com
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