[Analysis] "Bitcoin (BTC), Short-term Holder Profitability Decline... Adjustment Likelihood ↑"
Suehyeon Lee
- "Bitcoin (BTC), the profit realization indicator for short-term holders has significantly decreased."
- "As the price failed to surpass the $108,000 mark, a weakening of market demand and bearish sentiment is suggested."
- "Therefore, it is analyzed that there is a high possibility of a price adjustment due to decreased demand and poor performance."
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Image=CryptoQuant
The profitability of short-term Bitcoin (BTC) holders has declined, raising the possibility of an adjustment.
On the 5th (local time), CryptoQuant author Crazzyblockk explained, "The profit realization indicator for short-term holders who have held Bitcoin for less than 155 days has significantly decreased. This is because Bitcoin failed to surpass the important price level after breaking through the $108,000 mark."
The author continued, "Generally, a decrease in the profitability of short-term Bitcoin holders suggests a weakening of market demand and a bearish sentiment in the medium to short term. Therefore, the current situation indicates a high possibility of a price adjustment due to decreased demand and poor performance."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.PiCK News
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