The percentage of Bitcoin profits among short-term investors has reached 97.1%, a very high level close to previous areas observed around local peaks. Simply put: most short-term investors are now in profit, increasing the risk of profit-taking if momentum begins to weaken. As Bitcoin approaches local highs, any price correction or consolidation would be beneficial to reduce the elevated profit ratio and reset the indicator before attempting a new upward move. 97% is not a standalone sell signal, but it is certainly a higher-risk zone for profit-taking. @ForeDex_Global bitcoin:native
AbramChartShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.