According to the analytical company Glasinoid, investors who bought BitCoin (BTC) at a record height of about $ 109,000 in January, have started to sell panic with prices.
In a market report on March 11, the glass node analyzed that selling by buyers who buy at relatively high prices is creating a sales pressure on the market.
Bitcoin decreases short -term holder due to a reduction in
In the past few months, the trends of investors who buy bitcoin at higher prices appear in the short -term sense of the price (average purchase price for holders less than 155 days).
In October last year, the feeling of feeling was $ 62,000 for short -term holders, but now the number has increased by 47 %.
Meanwhile, at the time of writing, the price of bitcoin was 81,930, which had an average unrealistic loss for short -term holders of about 10.6 %.
Source of BTC Price Trends: Coin Market Cape
The glass is the node“Given the feelings of short -term holders, the market pace and capital flow have become negative, which clearly indicate the weakening of demand.”He pointed out.“Investors’ uncertainty affects market feelings and confidence.”He added.
The short -term holders also said they were “severe unrealistic losses” at a price range of $ 71,300 to $ 91,900.If the sale continues, BitCoin can fall to 000 70,000He warned.
“It is likely that this zone will form a temporary bottom in a short period of at least.”Glassone said.
BTC’s short -term holders suffer from unrealistic losses between 71,300 and 91,900. Glass node
In a report on March 10, Market Research Firm 10x Research described current market trends as “adjustment to the textbook”.
BitCoin, 000 has come down to 80,000,000,“Investors who have purchased within the last three months are about 70 % of all sales.”He pointed out.
On the same day, Arthur Hess, co -founder of Butt Max, said:BitCoin will fall at 000 78,000 once again, and if it comes down, it can potentially be 000 75,000.I predicted it.
The glass node explained that this time the sales sample was similar to the market price last August. At present, BitCoin, less than 68,000, decreased from 000, less than 49,000, with concerns about US recession, slow job statistics and key technology in stock.
The insights and interpretations of this article are the author’s own and does not necessarily reflect the views of the quintal graph. This article does not include investment suggestions or recommendations. Every investment or transaction involves a risk, and readers should make their own research and make decisions.
