While the risk appetite for Bitcoin increases, more speculative and volatile days may await investors.
On-chain analysis platform Glassnode warns investors about the increasing risk appetite in Bitcoin, which has reached its highest level since 2021. warned. Glassnode, which based its analysis on several critical factors, noted that the coming days may be full of fluctuating price movements.
Stating that stock exchange entry volumes are at ATH levels, Glassnode said: Short-term Bitcoin holders’ money He said that he had an important share in the direction. It was also stated that there is a significant amount of position size in Bitcoin in both the futures and options markets.
On the other hand, Glassnode analysts stated that the appetite of short-term investors is increasing day by day. January 11 average per day since $2 billion It revealed that it was put into stock markets by short-term investors. This was a data seen at the peak points of the last bull season:
Bitcoin investors’ risk appetite is increasing; Signs of increased speculation are emerging in capital flows, foreign exchange activity, derivative leverage and even institutional demand.
Market analysts interpreting the data stated that the buying appetite for Bitcoin has clearly increased, but “overheatingHe stated that the “point” has not been reached. In particular, the mass approval of spot Bitcoin exchange-traded funds (ETFs) has significantly increased buying pressure.
On the other hand, it was stated that many investors took reverse positions in Bitcoin, allowing the rise to continue. Bitcoin specific annual funding rates 9.3% While it is stated that it has reached the level of of FOMO beginning It was stated that it could happen. The data in question is available in 2021 with a rate of 103% It had hit an all-time high.