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Having increased by around 22.5% in the last 30 days, Bitcoin (BTC) has triggered concerns in the cryptography market that its rally can approach exhaustion, with a potential prices correction on the horizon. However, the latest chain data reveals that despite high unpaid profits, there is still No sign increased sales pressure for the main cryptocurrency.
Bitcoin The unpaid profits remain high but not yet for sale of panic
According to a recent post of cryptocurrency quicktake by Bitcoin Analyst CradleThe cohort of new investors – those who have held the BTC for less than a month – is currently seated in unrealized profits of 6.9%.
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In the same vein, short -term investors – holders who have Bitcoin for less than six months – are seated with unpaid profits of 10.7%. These figures emphasize that the unpaid benefit / loss ratio remains high, the unpaid profits prevail from afar on the unpaid losses.
Crazzyblockk has noted that, although, historically, a high percentage of unpaid profits through the network tends to precede net price corrections, the current configuration seems different. They added:
Past cycles have shown that the concentration of extreme profit tends to precede volatility; However, the current market structure shows no disproportionate risk concentration in a group of participants.
The relatively narrow gap in the unpaid profits between new and short -term holders indicates that the distribution of profits is balanced. In addition, although the levels of profit are high, the levels of loss remain compressed, suggesting a limited pressure of the vendors in distress. The contributor pointed out:
Although macro-conditions and the risk of volatility remain high and that a price correction cannot be excluded, there is no strong behavioral signal suggesting a strong desire to trigger a major distribution or sale.
More upwards for BTC?
Meanwhile, crypto seasoned analyst Ali Martinez recently predicted upwards for Bitcoin. In a post on X, Martinez noted that BTC has undergone another bullish escapeWith the potential to reach a new summit of all time (ATH) around $ 111,500.
The current momentum has also drawn in retail investors. According to cryptocurrency contributor Carmelo Aleman, portfolios holding less than $ 10,000 BTC are regularly back On the market – a sign of growing participation in retail.
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That said, some warning panels can still alleviate the current BTC upward trajectory. For example, despite the recent price encouragement action, the request for a Bitcoin request remains Summer.
Likewise, the account of the “shortage” of Bitcoin’s offer still lacks significant force, as Aleman recently stressed that despite the exhaustion of exchange reserves, the BTC is unlikely to deal with a real scarcity of short -term supply. At the time of the press, BTC is traded at $ 106,528, up 1.8% in the last 24 hours.
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