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Bitcoin holders in the short term have made a profit of $ 11.6 billion over the past thirty days, indicating a possible stop or local summit in the market.
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Technical indicators show the cooling momentum with a decrease in the morale of the retail investor to low data points for 90 days to price fluctuations.
Bitcoin (BTC) PRICE has recently reached a new rise of $ 111,800, but the bullish momentum may slow down, as the Onchain data from Glassnode reveals a significant profit by short -term holders (Sths), which may indicate “market break”.
Glass knot analysis It indicates that STHS, which is often traded instead of long -term investors, has realized getting $ 11.6 billion over the past thirty days. This follows a sharp recovery in the price of Bitcoin, which leads to a STH cost of $ 93,000. It reached its peak at its peak at 747 million dollars per day, with a rapid increase of $ 1.2 billion that was achieved in the past 30 days, highlighting a shift in the morale of the new investors.
The profit/loss rate has increased by STH, as profits now outperformed the losses, and only 8 % of trading days have seen this percentage at a higher level.
This level of achieving typical profits during upward trends, but it often precedes the peaks of the local market. It can demand excessive profit with the new demand, creating the resistance of the upper supply and stopping the upward bitcoin path.
Excontinent Axel Adler Junior male The Bitcoin price, which lasted 30 days, has slowed 38 %, and is currently 19 %. Adler described her as a “technical slowdown” after the last peak. Bitcoin researcher suggested that the market needs a “break” before resuming its gathering.
Likewise, he advised the analysis of Hyblock Capital caution, as the previous three months have been constantly identified by targeting short liquidity areas higher than current prices, prompting their last levels.
However, retail morale at the lowest level in 90 days, with only 31.59 % of retail accounts that hold long positions. Meanwhile, open interest is 90 days, and he sits books on common requests in the 91st, indicating high liquidity and potential fluctuations.
Bitcoin’s open interest decreased by $ 1.2 billion, as BTC decreased less than $ 110,000
Bitcoin witnessed a sharp decrease, decreasing to $ 108,000 from $ 111300 before the opening of the New York trading session on May 23. The announcement of US President Donald Trump has led to a 50 % tariff on the imports of the European Union, starting from June 1, 2025, which led to the price of the price, which sparked uncertainty in the global market.
The price decrease resulted in a significant decrease in the 1.2 billion dollars in Bitcoin sites, indicating a wave of cuts as traders reduced the exposure to futures.
🚨latest: #Bitcoin The open interest offers the flow of the position 1.2 billion dollars yet $ BTC Less than $ 110,000 decreases. pic.twitter.com/0e46bihgd
– Cointelegraph Markets & Research (@CointeleGRAPHMT) May 23, 2025
Despite the initial sales, Bitcoin flourished over $ 109,000, as speculators refused the sale period. Regarding the current market, the honey of the encryption dealer Refer Any corrections can be possible purchase opportunities. The merchant said,
“As expected, we pump up and now that the golden cross occurred on BTC, we generally see a decline in the market, so I will be careful here. Decreases to buy.”
Related: Bitcoin decreased by 4 %, as Trump Eu Talk Talk decreases more than $ 300 million
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
