Bitcoin Volatility Analysis
The latest report from the chain analysis agency shows that the unrealized profit of long-term Bitcoin holders, over six months, is currently close to 350%. This level often leads to large-scale profit-taking historically.
Trader TheKingfisher notes that there are currently many long liquidation orders below the $91,000 level, while the number of short orders at the current price is quite low. This indicates that the market is lacking action and poses a downside risk.
According to the report, the price of Bitcoin needs to break and stabilize above the 111-day moving average and the cost of holding short-term positions to maintain the upward trend. Otherwise, the price could return to bear market territory, leaving many investors facing unrealized losses.
Source: https://tintucbitcoin.com/phan-tich-loi-nhuan-btc-co-the-gay-ap-luc-ban/
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