Analysts warned that there may be a short-term correction in the price of Bitcoin (BTC) following the recent volatility.
According to TradingView data, yesterday evening $44,000 threshold Last Bitcoin was traded at $43,657 at the time of writing.
According to analysts, the rise in price The coins held by many investors are turning into profit made it pass. CoinGlass analysts, “As the market rallies, investors’ coins the vast majorityhas moved back to the profitable region.” said.
According to CoinGlass data, it is still in loss The total volume of coins in Up to 1.9 million units declined. Most of these Bitcoins Buying during the bull market in 2021 It is assumed that he did.
Bitcoins in circulation 88 percent of It was announced that it was profitable based on current data. to these levels Not reached since November 2021.
CoinGlass, “At the beginning of 2023, more than 50 percent of the circulating Bitcoin supply was at a loss, making it one of the fastest recoveries in history, (faster) only in the 2019 rally.” said.
Short-term investors, thanks to the movement in prices unrealized profit for getting “There may be some correction risks in the short term” specified.
However, analysts think Bitcoin could have a good year in 2024. In the report shared by CryptoQuant, Bitcoin’s He can target 160 thousand dollars It was said.