Are Bitcoin Traders Ready to Sell BTC Now Who Bought at $3-6k?

Chain metrics can provide valuable information about the movements of the Bitcoin market and the latest data shows that unrealistic losses are increasing. This could lead to big sales, as they bought at the end of 2018 for fear of losing profits.

Bitcoin Resume Sale

After closing at $8k over the weekend. It has fallen almost 8% since late June as the king of cryptocurrency withdrawals. The improvement of this year’s peak is currently 48% and analysts suggest that it is not over yet.

The possibility of a ‘Santa Rally’ will decrease again this week as you prepare to dive into the $6k area. Nothing can be cured until a blockage occurs within six months. It may also take some time to regain momentum.

The chain data has been used for the analysis based on the estimated costs and currently, 45% of the investors in red numbers. The capital of the slope of the point is looking at the CIO figures of Chris Ci. They are not doing well.

The BTC value of the 50% figure will b around $6k, which expected to reach many technical analysts. A mid-$5ks may also b possible, with assets held for a month up to $13,800 before beginning its great recovery.

Rope speculates that the biggest capitulators are the ones who bought the top. This what happened after a massive boom in early 2018, in which day traders abandoned for fear of losing too much.

A rare idea that cryptography another massive sale initiated by Bitcoin buyers during the winter. When it traded five months below $6k.

This would deny the premise that more being updated at this time and that institutional actors accumulating assets for product liquidity.

This means that anyone who is lucky enough to have the bottom of the market. Which below $3,200 on Dec15, 2018, would have sold on the road and wouldn’t have waited until now to download.

A higher minimum expected to confirm that the long-term trend is still intact. And that BTC is still moving up despite these heavy peaks and valleys. If Bitcoin falls back into the $3k zone, then the bear market that started about two years ago not over yet.