Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Realized Profits
Drop To 2021
Peak Levels – Bullish Rallies Historically
Begin
At Lower Values
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Realized Profits Drop To 2021 Peak Levels – Bullish Rallies
Historically Begin At Lower Values
by Sebastian Villafuerte
5 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s sentiment has taken a sharp turn, moving from bullish optimism above
the $100K mark to growing fear as the price hovers around $95K. The
much-anticipated clean breakout after reclaiming the $100K level has failed to
materialize, leaving investors questioning the strength of the current bull
trend.
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Will History Repeat?
Top analyst Axel Adler shared insightful data on X, revealing a notable shift
in the market s realized profit metrics. The average daily realized
profit has dropped from $136M to $93M, signaling a cooling phase. Despite this
decline, the current realized profit levels remain comparable to the peaks of
the 2021 cycle, highlighting the ongoing strength and activity within the
market.
This data underscores the duality of the current situation: while Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
still shows signs of resilience , the failure to sustain momentum above the
$100K mark has introduced uncertainty into the market. Analysts and investors
are now closely watching the $95K level, a critical support zone that could
determine whether Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin regains its bullish trajectory or faces a deeper
correction. The coming days will be crucial as the market seeks clarity and
direction in this pivotal phase.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Metrics Set A Market Picture
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s current phase is a consolidation, a typical behavior after
breaking significant psychological and technical levels. Since Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin first
crossed the $100K mark on December 5, the price reached an all-time high of
around $108K before consistently consolidating below the $100K threshold. This
period of sideways action has introduced mixed sentiments, with bulls eager
for another leg up and bears eyeing potential corrections.
Analyst Axel Adler shared critical insights on X , highlighting a drop in the
average volume of realized profit from $136M/day to $93M/day. Despite this
decrease, Adler points out that these figures remain comparable to the peak of
the 2021 cycle, showcasing robust market activity. Historical data reinforces
this perspective, as September 2021 and 2024 both saw mini-bullish rallies
begin when average daily realized profits were approximately $15M—a fraction
of the current levels.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Daily Realize PnL | Source: Axel Adler on X
It’s important to note that Adler s analysis relies on 30-day moving
averages, which smooth out short-term fluctuations but also mean that actual
realized profits are significantly higher. For instance, on November 21, 2024,
one month after the rally began at $98K, daily investor profits soared to
$443M.
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Analyst Explains Why
These metrics suggest that while Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is consolidating, underlying market
activity remains strong, laying the foundation for a potential bullish
continuation. If BTC holds key levels, another surge to test or surpass recent
highs could be on the horizon.
BTC Technical View: Key Levels To Hold
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is trading at $95,400 after losing key levels, including the
psychological $100K mark, the 4-hour 200 MA at $98,290, and the EMA at
$96,480. This series of breaks indicates short-term bearish price action,
raising concerns among investors about the potential for further downside. BTC
loses 4H 200 MA & EMA | Source: BTCUSDT chart on TradingView
However, despite this aggressive selling pressure, some analysts suggest that
this could be a move to generate liquidity before another push higher. This
kind of volatility is not uncommon during consolidations near critical levels,
especially after a significant rally like the one Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin experienced in
December.
The $95K mark now serves as a pivotal support zone for bulls. If BTC manages
to hold this level in the coming hours, it could signal the end of this
bearish phase and set the stage for a quick recovery. Reclaiming the $96,480
EMA would be an encouraging first step, while a move above the $98,290 4-hour
200 MA would confirm a return to bullish momentum.
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What This Means For BTC
Market participants are closely monitoring these levels, as a sustained hold
above $95K could reignite confidence and set Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin back on its upward
trajectory. However, failing to maintain this support could lead to deeper
corrections in the short term.
Featured image from Dall-E, chart from TradingView