As it approaches with a symbolic threshold of $ 100,000, Bitcoin enters the turbulence area. For spectacular outputs, long -term latent profits recorded almost 350 %, which is a level historically associated with massive profits. This critical signal comes when the market remains vulnerable, slowed by sustainable technical voltage and a requirement that seeks to maintain the pace of potential offers.
In short
- Bitcoin approaches the symbolic threshold of $ 100,000, causing euphoria and alertness to the market crypt.
- Long -term holders (LTH) show latent profits of almost 350 %, the level historically associated with waves of profits.
- If the application did not reach sales, significant sales pressure could occur.
- Overcoming key technical sills remains uncertain and refusal could immerse many investors in latent losses.
Record latent gains in long -term holders: critical threshold reaches
In its latest weekly publication, Glassnode analysis provides a critical threshold for the market for the market: the long -term holder (LTH) Bitcoins, which these investors maintaining BTC for more than six months, approach the unrealized profit margin of 350 %.
This level, historically associated with waves of profits, could again play a decisive role.
Underline Glassnode:
Historically, the cohort holders of the long -term point of view increases its sales pressure when the average member holds an unrealized profit range of +350 %.
This threshold coincides with the estimated spot price at $ 99,900, which is very close to the psychological barrier of $ 100,000.
Glassnode also specifies that so far these investors resist the temptation to sell. However, some elements indicate that the switch may be immediate. The analysis emphasizes:
- Long -term holders sit almost 350 %on latent profits, which corresponds to the level of sale observed during previous bull peaks;
- The level of 99,900 USD represents an area where the average LTH would achieve this threshold of profitability, making it historical pressure;
- “We can predict an increase in sales pressure as the market is approaching this area”Glassnode alerts that evoke the need for a purchase request “Substantially” To maintain dynamics.
In other words, if the buyers are not there to absorb this potential offer, the market could experience the redistribution phase with the immediate consequences of the price. Previous cycles have shown that this type of configuration is often preceded by short -term or medium -term corrections.
Technical weaknesses and imbalances on the market: the risk of brutal reversal
In addition to the psychological factors associated with the profits of long -term holders, several technical indicators indicate that current dynamics could occur.
The merchantfisher reported about the main imbalance in the books of the Order. According to him and “Massive Wall of Long Disposions” It is stacked below $ 91,000, while short positions over $ 96,600 are almost no existed.
Commented 1er Can on the X platform (formerly Twitter): “The huge imbalance suggests that a decrease magnet is strong. The risk of long positions is high on these levels. At present, the bull potential seems to be weak.”.
This vulnerability is all the more remarkable because bitcoins have just exceeded the technical levels considered critical, such as a simple mobile diameter for 111 days (SMA) and the average price of short -term holders (STH).
Glassnode indicates that these thresholds have been exceeded, but remain uncertain. These are levels that must be exceeded and held to allow further assessment of the price. Refusal could bring the course back to the lower area and immerse many investors in significant unrealized losses.
The accumulation of technical voltage combined with the prospect of massive sale of LTH attracts an uncertain scenario for the coming weeks. If Bitcoins manage to stabilize over $ 100,000, it would be a remarkable sign of force. However, in the absence of a sufficient influx of the application, the pressure could quickly restore the pressure. Another battle will therefore be played at the intersection of these psychological, technical and behavioral thresholds.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
