In recent weeks, the bitcoin market has been in the spotlight of analysts due to significant changes in realized gains and losses (PnL). According to CryptoQuant, there have been significant fluctuations in these indicators over the period, which has attracted numerous traders and investors.
According to experts' assurances, BTC showed relatively stable performance in early July. However, by the middle of the month, price volatility increased significantly. The graph published by experts shows that the volume of realized gains has noticeably decreased compared to March and May this year, when the maximum peaks were observed. This indicates that current sales are not generating significant returns for investors.
Moreover, the data shows a sharp increase in the volume of realized losses. Only for 2 days last week, there were recorded figures for about $2.5 billion. Such a sharp increase indicates that many investors decided to fix their positions, possibly expecting further market decline. This could have been part of the panic amid the massive sell-off of assets by the German government, however, BTC quotes have jumped from $55,000 to $67,000 in recent weeks.
Interestingly, despite such losses, the overall trend in the bitcoin market remains upward. Analysts note that the big sellers have exhausted their inventory, and current valuation metrics point to potential positive movement in the future. This can be attributed to general market conditions and expectations of further growth in BTC quotes.
Given this data, it can be concluded that the bitcoin market is in a state of volatility. Short-term losses may be replaced by long-term gains. Investors should closely monitor the dynamics and make decisions based on a comprehensive analysis of current conditions and forecasts.
