Key dealers
- Short-term Bitcoin investors sell with loss and create potential accumulation opportunities.
- Indicators such as MVRV and NUPL suggest that the Bitcoin market remains in an upward trend.
Bitcoin’s decline has created an excellent opportunity for accumulation, according to Cryptoquant Analyst Mac_D.
The token has not shown any signs of strength after its sales from weekly heights of $ 103,000 on Monday, but long -term measurement values indicate that the market’s upward trend will remain intact.
Analyst Mac_D reported On Thursday that the current baisse -like feeling is in line with a dip in Bitcoin’s short -term sopr (used production relationship), which has dropped to 0.987.
This metric indicates that investors who hold Bitcoin for less than six months now sell at loss.
Mac_D noted that such periods of short -term investors have historically presented favorable accumulation opportunities.
“When short -term investors have losses, long -term bicycle indicators such as MVRV, NUPL and Puly Multiplic show that the market remains in an upward trend,” he said.
He added that the current correction does not propose a bicycle peak, and knowledgeable investors can take advantage of the opportunity to collect Bitcoin at discounted prices.
Historical data indicates that long -term investors often go in to collect bitcoin during market corrections as short -term holders sell at loss.
This behavior, which is often observed during market corrections, can set the stage for a price recovery when sales pressure decreases. At press time, Bitcoin trades to $ 93,500.
