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Currently, more than half of BTC is in positive territory.
Last week, there was a large wave of position takeovers, which were closed at a loss. The total recorded loss was $5.4 billion, the highest since March 2023.
However, the situation is not yet critical, as many major players have lower entry points and are closing their positions at zero.
55% of coins are in profit, which indicates that we have not yet found a bottom for the asset and could well move lower. When this indicator drops below 50%, there is a chance for a full-fledged reversal.
Therefore, I advise against jumping to conclusions and to be extremely careful in trading.
#btc #usdt #ltc #gold #silver. $ETH $GT $XRP