According to the post of market analysis platform Santiment, the profitability ratio may need to change in order for the Bitcoin price to increase.
According to the information shared by Santiment, the Bitcoin supply in circulation 89 percent are profitable in case. It is thought that this rate, approaching the highest levels of the year, may pose an obstacle to the rise in price.
In the sharing, “When this rate is in the 40-70 percent range, further increases are more likely.” comment was made.
According to TradingView data, Bitcoin has been gained 163 percent in value. Investors who have not yet made a profit despite the purchase price, Buying in the 2021 bull market is considered.
Blockchain analysis firm CryptoQuant, short-term investors kgrowth in profit margin Noting that Bitcoin price He warned against the risk of a correction.
On the other hand, analysts say that based on the mobility in the blockchain and the upcoming halving, Bitcoin’s 54 thousand in the medium term; At the peak of this cycle He said he could target 160 thousand dollars. he thinks.