Analytical company Alphractal has released data on current Bitcoin market trends. The company noted that short-term investors are under pressure.
Short-Term and Long-Term Bitcoin Price Levels
According to Alphractal, the current price of Bitcoin is around $85,000. For short-term traders, the realized price is $92,700, while long-term investors have a realized price of $26,500.
Investor Profit and Loss Dynamics
The company noted that most investors who bought Bitcoin in the last six months are currently at a loss. Long-term investors still continue to make significant profits despite the recent price pullback. Alphractal also pointed out that only 9.6% of Bitcoin addresses are currently at a loss, which is among the lowest in history.
Regional Market Dynamics and Conclusions
Other analysts, like CryptoQuant, highlighted that regional market dynamics are largely driven by transactions on US-based exchanges, while interest from South Korean investors remains weak. "This divergence suggests that the current market direction is largely determined by transactions taking place on US-based exchanges," the analysts stated.
Thus, the current analysis of Bitcoin shows differences in the dynamics between short-term and long-term investors, which may indicate potential significant market changes ahead.
