Analysis: BTC Profit Could Cause Selling Pressure

TinTucBitcoinOfficial · 2025-05-02T15:21:47+00:00

Analysis of Bitcoin fluctuations shows long-term holders' unrealized profits nearing 350%, raising concerns of significant profit-taking. The market signals a lack of action and potential downside risks. Price stability is crucial for sustaining the uptrend and avoiding bearish market conditions.

TinTucBitcoinOfficial

2025-05-02 15:21:47

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Analysis of Bitcoin Volatility

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 in history.

Trader TheKingfisher notes that there are currently many long liquidation orders below 91,000 USD, while the number of short orders at the current price is quite low. This indicates that the market lacks 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 short-term holding cost to maintain an upward trend. Otherwise, the price may revert to the bearish market zone, causing many investors to face unrealized losses.

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