Recent analysis shows that short-term Bitcoin holders have begun to exhibit signs of optimism. However, the market situation remains uncertain.
Short-Term Holders Show Renewed Optimism
The Profit/Loss Margin for short-term Bitcoin holders jumped from -19% in April to +21% in May, indicating a recovery in trader optimism after several weeks of correction.
Changes in Bitcoin Market Valuation
The Realized Price for the 1-3 month cohort has stabilized at $84,600, further supporting accumulation sentiment. At press time, Bitcoin hovered at $103,447, up 0.03% in the last 24 hours.
Uncertainty in the Derivatives Market
In the derivatives market, the Long/Short Ratio fell to 0.9964. Longs made up 49.91%, while shorts ticked up to 50.09%, reflecting increasing uncertainty in trader expectations.
The current situation in the Bitcoin market reveals a combination of rising profitability for short-term holders alongside lingering concerns due to low market activity, which could affect future developments.
