CryptoQuant analyst revealed the remarkable link between the profitability of short-term Bitcoin (BTC) investors and the movement in price.
With Bitcoin rising above 50 thousand dollars, almost all investors more than 90% It went black. This situation caused selling pressure, especially among investors who made short-term buy-sell transactions.
CryptoQuant analyst “sunmoon”, who drew a pattern based on the profitability rate of short-term investors and Bitcoin price movement, pointed out the signals to pay attention to.
Analyst says Bitcoin price short term investors He stated that he gave a very harmonious response according to the profitability ratio, and emphasized that this sales pressure has once again disappeared with the recent declines.
Features of Bitcoine when the profitability rate of short-term investors begins to decrease Pointing out that it has entered an upward trend, the experienced name nevertheless reminded that this metric is very variable and should be followed closely.
On-chain analysis platform Glassnode recently announced that the so-called short-term investors are predominantly 40 thousand to 45 thousand dollarsHe stated that it was clustered between r.
