The net profit of short-term Bitcoin investors, close to $650 million, suggested that there may be a correction in the price.
On-chain analysis platform Glassnode made a statement on Twitter on February 16. in sharing, Bitcoin (BTC) of the price 52 thousand dollars After exceeding, short-term investors $647 million He said that it reached a net profit/loss situation.
Glassnode stated that this situation in Bitcoin is the worst case scenario of all times in 2021. from its highest level He said it was the highest since. This post from Glassnode comes to mind: By CryptoQuant brought his thoughts to mind.
CryptoQuant author states that if the buying demand is not as high as in previous cycles, investors funding rates And profitability of short-term investors He said he had to follow up.
Increasing profits for short-term investors is considered a sign of correction.
According to CoinGecko data, Bitcoin experienced the last 24 hours. 0.1% during writing with ascension from $52,264 is being traded.
