Is Bitcoin's Bull Run Coming to an End? Analysts Share Critical Data!
While Bitcoin's (BTC) upward trend continues thanks to the strong stance of long-term investors, the selling pressure from short-term investors may cause temporary declines.
Recently, the price of Bitcoin approached $104,000, prompting investors to rethink. Many in the market are concerned that these levels could be the peak of the bull run, while on-chain data reveals that long-term investors (Long-Term Holders, LTH) are still in a strong profit zone.
According to data shared by Abramchart, an expert from the analytical platform CryptoQuant, the unrealized net profit/loss ratio (NUPL) of long-term investors remains above 0.5. This indicates that a large portion of investors believes in a long-term rise and is holding their positions. However, short-term investors (Short-Term Holders, STH) can lead to temporary declines by selling during price increases.
Are short-term investors a danger?
Although the recent sales by short-term investors have caused price fluctuations, experts believe this situation is not sufficient to change the long-term trend. Periodic profit realizations by this group may cause corrections in the market, but the overall outlook remains positive. Analysts emphasize that potential corrections caused by short-term investors could provide new buying opportunities for long-term investors.
Although the current level of Bitcoin is seen as a critical resistance, the continued confidence of long-term investors indicates that the market is based on strong fundamentals. This suggests that despite short-term volatility, Bitcoin's overall trend could be upward.
