Losses in Bitcoin have reached historic lows, increasing the risk of a potential correction.
An author using CryptoQuant data said in his post: Bitcoin amount of loss for owners is at historical bottom He said that this situation leads to an increase in the risk of correction.
In the post, circulating in the bull market Bitcoin unrealized profits on most of its supply at maximum level It has been stated that in a bear market, the opposite happens.
For this reason, the author states that we are bullish and the market’s behavior in these periods is certain. that the market is going in order and thus the bottoms/tops are He said he could be caught.
Historically, the loss amount of Bitcoin investors has reached low levels. is a correction signal was expressed.
After the recent rise in Bitcoin, many indicators are giving correction signals. In parallel, many analysts state that the price may decrease. Finally Galaxy Digital CEO Mike NovogratzBitcoin price Drop to 55 thousand dollars He said he could live.