Bitcoin investors began to record losses

The analyst under the pseudonym Checkonchain said that short-term bitcoin investors were frightened and began to fix losses instead of profit.

The expert published a schedule for changing the profile coefficient from the BTC purchase, which shows that in the first half of July, people who kept BTC for less than 155 days actively recorded profit, which is reflected in the ascending movement of the green line. But after on July 14, the coin course reached a historical maximum at $ 123,236, the value of the profit realized began to decline, and recently the owners of digital assets began to sell coins at a loss, so the coefficient fell below 1 to the red zone.

Now we would like to see a sharp fall into the red zone (to get rid of weak hands) and then a rapid return to the green area. This will mean preserving the bull trend. The last time a similar situation occurred in June, when the cost of bitcoin sank below $ 100,000. The descending trend did not last long, – wrote Checkonchain.

While short -term investors panic and sold at a price above $ 115,000 coins, incurring losses, employees of the Glassnode research company, like Checkonchain, are optimistic for the future of bitcoin. In their opinion, after the accumulation period, the cryptocurrency course will break through the $ 116,000 resistance barrier and will go up again.

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