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bitcoin He testified a slight rebound to the price level of $ 102,000, indicating an upward impulse. However, the active badge found strong resistance around the threshold of $ 102,000, which caused its price to turn to the key support levels. As the price of bitcoin fluctuates, a strong bullish feeling and activity have been observed among the short -term holders.
A remarkable change in bitcoin's property
Recent price actions seem to have caused a remarkable change in bitcoin's property as short -term holders carry their accumulation of btc. Alphractal, an advanced data analysis and investment platform <a target="_blank" href="https://x.com/Alphractal/status/1886403219326484933″ target=”_blank” rel=”noopener nofollow”>identified the change in property, which suggests growing confidence between btc retail investors.
The platform data show that long -term headlines have sold a significant amount of btc, while short -term holders intervene to absorb supply. This change generally occurs when long -term holders reduce their holdings, allowing Short -term headlines Eager to take advantage of the possible profits to buy more coins.
Massive sales of long -term investors are considered a strategy to obtain profits, indicating pessimism in the long -term performance of btc among these investors. Meanwhile, the great accumulation of short -term holders reflects strong optimism about the short -term potential of btc.
After navigating the metric of the bitcoin supply age bands, Alphractal stressed that history could be repeated once again as the short -term feeling grows.
As seen in past cycles, <a target="_blank" href="https://www.newsbtc.com/news/bitcoin/bitcoin-lths-in-greed-territory/” target=”_blank” rel=”noopener nofollow”>Long -term participants Be less interested in maintaining your previously acquired btc, causing them to sell your coins. Meanwhile, as in past cycles, these investors are beginning to download their holdings on a large scale in the current cycle.
On the other hand, short -term holders have proven more reactive and make more risky decisions because they buy precision during price peaks. If these investors continue to accumulate btc, development could affect the volatility and market shape The next important price movement.
Short -term holders may be taking advantage of recent setbacks, but long -term holders tend to be smarter investors. This is due to a greater possibility of long -term growth. These investors take advantage of the increase btc prices To sell your positions, with a lower average purchase price.
The btc market is still optimistic since profitability remains at good levels
Although significant correctionsbtc's profitability remains at positive levels. <a target="_blank" href="https://x.com/AxelAdlerJr/status/1886835320655659012″ target=”_blank” rel=”noopener nofollow”>Data Shared by Axel Adler Jr., a Macro researcher and author shows that the average gain made by bitcoin, the average net profit and the average losses made are valued at $ 911 million, $ 653 million and $ 258 million respectively.
Taking into account the levels of profitability, Axel Adler states that the btc market It remains in a bullish phase. According to the expert, the current consolidation will probably come to an end when the net benefit/losses made (USD) 7DMA inches closer to zero or becomes negative. This would imply that most vendors have already left the market, which is common during the final stage of a correction, leaving only a sale driven by panic.
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