One of the largest cryptocurrency analysis companies in the world. glassnode, leading cryptocurrency Bitcoin (BTC) warned for. Glassnode experts stated that for now, investors who are far below the buying point, that is, who are in zatar, may experience a selling pressure.
BTC Selling Pressure May Increase In The Short Term
Glassnode experts, Bitcoin’s 8 week average actually by charting the price $44,659 He stated that the level is the highest point and the purchases made from here have fallen into a great loss situation.
The lowest level that investors saw in this process was $ 38,144, and after the analysis was made, the BTC price was pulled up to $ 37,000.
Glassnode experts expect investors who fall far below the buying place to experience serious selling pressure.
According to the company, if the downtrend continues, the expectation of a bear market will increase as well, and investors will sell regardless of the price, fearing it will not drop further.
No matter how much the investors are in loss, the amount they will sell can also increase and a serious sales volume can be maintained with the understanding that where the loss is returned is profit.
The above thoughts of Glassnode experts were previously seen in the bull of 2019 and in May 2021.
glassnode, He also stated that this is a psychological condition and that everyone can fit together.
Experts, who say that for the moment, short-term investors make up most of the BTC volume, are actually worried about a serious decrease for this reason. Total market value of BTC 18%The portion corresponding to , is in the hands of short-term investors.