Short-Term Bitcoin Wallets Show 100% Unrealized Losses
Explore the provided link to achieve a steady profit in Binance futures trading: https://telegram.me/btctradingclub Anyone who bought Bitcoin this year, or short-term holders, is in a lot of pain at the moment, according to analysts. “Short-term holders are in extreme pain right now,” said market analyst and 21st Capital co-founder Sina on X on April 8. He observed that the biggest accumulation zone around current prices was at $98,000 for the amount of 245,000 BTC. “These people are in deep, dark pain,” he said. Unrealized Losses at 2024 Levels The exception would be those who bought during yesterday’s dip when the asset plunged to $74,600, but the vast majority of short-term holders purchased at much higher levels. The analyst looked into the short-term holder MVRV ratio, noting that they are at about 18% unrealized loss on average. This is equivalent to the levels at the bottom of the 2024 price action when Bitcoin dropped to $52,000. 130% Profit on #ETH/USDT We are committed t...