Bitcoin Key’s profits have decreased to their lowest levels in high prices

The price of Bitcoin has recently reached a monthly rise, exceeding $ 87,000, and represents a remarkable increase in The Crypto King. This gathering is attributed to the conditions of the macroeconomic economy and the increase in condemnation of the main investors.

Despite this growth, long -term profits have decreased to its lowest level in the two years, indicating a more cautious look among some of the market participants.

Bitcoin whales are still ascending

Pisces and sharks, which include between 10 and 10,000 BTC, accumulates bitcoin at low levels of prices. Last month, these titles bought about 53,652 BTC, at a value of about $ 4.7 billion. This purchasing power indicates that big investors benefit from the recent Bitcoin decline, believing in the capabilities of the original in the long run.

The accumulation of these big investors highlights the confidence in the growth of Bitcoin. While some market participants may be not confirmed during The last bitcoin price Following, these main holders seem to put themselves to make future gains.

The long -term/short difference index, which tracks the difference between short -term holders and long -term holders (LTHS) in terms of achieved profits, is currently at the lowest level of two years. This indicates that STHS dominates the market, which reflects the accumulation of whales. However, the dominance of short -term holders in profits often indicates that the market is mature for sale, which may lead to pressure to drop on Bitcoin price.

While stirring the MVRV index at the bottom of the zero line, there is a risk that the price of bitcoin may be affected negatively if StHS decides to spend it. While whales continue to accumulate, the increasing effect of STHS can lead to an increase VolatilityEspecially if the market morale turns.

The BTC price aims to $ 90,000

Bitcoin is currently Trading at $ 87,463, which increases the level of decisive support of $ 86,822. The last time Bitcoin failed to secure this support, the price decreased dramatically. However, if Bitcoin managed to maintain support at $ 86,822, it may move towards the next resistance level at $ 89,800.

The penetration of the $ 90,000 brand is a Bitcoin milestone. If Bitcoin is able to recover 90,000 dollars as support, it is likely to continue in its upward direction. This psychological level is crucial to enhance the investor’s confidence, which leads to an increase in prices.

On the negative side, then Bitcoin faces Detory momentum, can struggle to get support at 86,822 dollars. The decrease during this level will probably lead to an additional decrease, with the next support level at 85,204 dollars. If this fails, Bitcoin can slip to $ 82,503, erasing a large part of the recent gains.