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The Price of Bitcoin is Rising, But Analysts Have Declared There is an Anomaly in the Critical Data!
The Crypto analysis platform Alphractal, in its statement evaluating the latest data on Bitcoin, shared that short-term investors holding BTC until ( have currently withdrawn from the market.
According to Alphractal, this group of investors is closely related to the historically "enthusiastic rise" periods in Bitcoin.
According to the data, currently only 2.36 million BTC is held by short-term investors. This figure is quite low compared to some periods in the past:
Alphractal stated that this level reflects a structure more characteristic of a bear market, indicating that market sentiment is low and many investors have moved away from buying BTC.
On the other hand, the 3-month percentage change, an important technical indicator for Bitcoin, has moved back into positive territory. However, Alphractal warned investors that this indicator has historically given positive signals just before price crashes and reminded them that "classic rug pull" scenarios have occurred.
At the end of the statement, Alphractal stated that the ideal scenario is for Bitcoin to continue rising and achieve price stability. Otherwise, the range of 104,000 – 105,000 dollars may emerge as a strong area of indecision in the market.