According to the data, while the majority of investors moved into profitable positions, Bitcoin reached the “extremely risky” zone.
On-chain analysis platform Glassnode dated February 23 in the analysisBitcoin (BTC) “extremely riskyHe stated that he reached the region. Analysts, who used data such as long- and short-term investors’ profitability rates and net profit-loss ratio, warned of a possible correction.
The data shows that all Bitcoin investors More than 90% of it is in snow revealed that it is. However, it is emphasized that the fact that more than 90% of short-term investors make a profit indicates that they have entered the high risk zone. spot Bitcoin exchange-traded fund (ETF) rises that come with the approval may turn into a withdrawal due to profit sales was expressed.
The unrealized profit rate specific to Bitcoin is exceeding the 4-year level The market is not yeteuphoriaBefore reaching the “” stage, high risk bells began to ring.
Data on the fee paid by Bitcoin miners per block Increasing from 36% to 46% in 7 days It moved from very low risk to low risk. Although the low-risk zone is not yet a concern, the obvious increase in miner competition per block has not gone unnoticed.
