Bitcoin in recent weeks $105,346.51 The owners’ tendency to sell profits was observed. This corresponds to the period in which Bitcoin’s price averages signal a strong rise. On May 22, Bitcoin’s 50 -day simple moving average increased above the 200 -day average of a technical signal called “Gold intersection, and showing the rise tendency in the long term. During this development, the price of Bitcoin increased above $ 111,000 and broke a new record.
Increase in profit sales
The findings provided by Glassnode, the On-Chain Data Platform, revealed that investors are tending to sell their assets with this rise. Accordingly, the corrected profit increased over $ 500 million three times per hour. This level points to the most intense profit sales observed in the last 24 hours. The corrected profit shows the total profit obtained from the difference between the last movement date of the coins sold by following the movements on Blockchain.
The Glassnode X account said on a statement on the X account, “The corrected profit increased over 500 million dollars per hour in the last 24 hours and pointed out the intense profit sales movement,” he said.
Looking at the graphics, it is seen that the profit sales activity has gradually increased from the second half of May and exceeded the $ 500 million threshold more than one time. This sales intensity is considered one of the most powerful profit sales since the beginning of February.
Other indicators and economic activity
Not only the profit, but also the SOPR (SPent Output Profit Ratio) indicator pointed to a similar painting. SOPR measures the profitability level of coins moving in a certain period of time. The corrected version of SOPR reflects the real economic activity and offers a more reliable data, leaving the transfers between the wallets of the same person.
Glassnode’s weekly report, “The last summit breakage has led to a significant increase in profit sales and the average COIN has made 16 percent profit. The rate of more profitable trading days for investors does not exceed 8 percent, which shows that there is a significant transition to profit sales.
The report also pointed out that profit sales are not as intense as in the major price summits in the past. However, the current increase indicates that a significant portion of investors realized their earnings by selling Bitcoins in their hands.
Market agenda and economic expectations
Although observations, new peaks in prices and economic indicators direct some of the investors to realize their earnings, these sales did not lead to an intense withdrawal in the market. Bitcoin is traded at $ 105,600 at the time of the news. These results coincided with the news about the fact that Truth Social, former US President Donald Trump’s social media platform Truth Social, to present a Bitcoin -oriented stock market investment fund to ordinary investors.
This change in investor behavior shows that the market is going cautiously despite rising prices. While profit sales increases, it is noteworthy that sales are not as intense as previously. In particular, the current economic and political developments can cause short -term fluctuations in the Bitcoin market. Investors move by following technical indicators and global tendencies.
Market data indicate that Bitcoin investors often move similarly during the rise. In technical analysis, it is observed that short -term profit sales have increased after gold intersection and price records. Long -term investors are reported to maintain their positions mostly.
The latest developments in the sector and investor tendencies reveal the importance of risk management and the level of the market. Although investors have increased profit sales, movements are reported to be lower than the past peak periods. For this reason, market experts recommend be careful against future price fluctuations.
Following the rising Bitcoin prices, profit sales indicate that market dynamics may change in the short term. While the reaction of investors to technical indicators and market development directs the market, indicators that monitor economic activity pointed out that the intensity of profit sales is more limited than in the past. For investors, closely monitoring technical signals and current developments may be useful. The way each investor evaluates profit sales may affect the price balance mechanism in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
