Cryptocurrency analysis company Alphractal has shared some remarkable data on Bitcoin‘s current mark
Cryptocurrency analysis company Alphractal has shared some remarkable data on Bitcoin‘s current market outlook. According to the company’s assessment, Bitcoin is under pressure for short-term investors.
He shared the short-term and long-term price levels for Bitcoin, which is currently around $85,000:
Alphractal noted that most investors who purchased Bitcoin in the last 6 months are currently at a loss. In contrast, long-term investors are still making significant profits despite the recent pullback in prices. The firm claimed that such divergences between short-term and long-term investors often precede significant market movements.
Alphractal also noted that the percentage of Bitcoin addresses currently in loss, when all investors are considered, is only 9.6%, which is one of the lowest in history. For comparison, in past major downturns, this percentage was much higher:
Another analyst firm, CryptoQuant, drew attention to regional market dynamics. According to the firms analysis, while the Coinbase Premium indicator is recovering, interest from South Korean investors remains weak.
“This divergence suggests that the current market direction is largely determined by transactions taking place on US-based exchanges, while the Korea Premium Index can be considered more of a lagging indicator,” CryptoQuant said in its statement.
*This is not investment advice.
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