Main notes
- Bitcoin has reached a new record price of 125,559 dollars.
- The new Crypto Market Cal is touched by more than $ 4.26 trillion.
- Their long -term holders have sold bitcoin since mid -June.
The volatile encryption market has risen alongside gold, a preferred investment option in times of uncertainty, as Bitcoin (BTC) reached the highest new level ever.
The closure of the US government has turned from the US dollar to safe assets, such as gold and bitcoin, as investors expected a decrease in the value of the dollar.
Gold reached a record level of $ 3,897 an ounce on October 2. Likewise, a new Bitcoin ATH stormed $ 125,559 in early October 5, with a maximum of $ 2.5 trillion.
Bitcoin is currently 58.5 % in the market on the market value of $ 4.26 trillion, according to Data From Coinmarketcap. The CMC Fear and Greed is still hovering in the neutral area.
Are long -term holders sold?
Bitcoin’s height was mainly operated by short -term investors. For example, the boxes traded in the stock exchange in the United States recorded $ 3.24 billion in net flow last week.
This prompted the total flows of these investment products over the mark of $ 60 billion.
Another catalyst can be the expectations of what society calls “UPTOBER” – referring to October as a potential fasting, which led to Fomo among investors.
On the other hand, the worker’s long -term supplies have been in a declined direction since mid -June. according to Data From Coinglass, LTH width fell from 15.92 million BTC on June 15 to 15.32 million BTC on October 3.
Bitcoin holders have been sold in the long run since mid -June Source: Coinglass
The LTH show shows that the market confidence in the future value of Bitcoin has decreased, as some investors may expect a significant price correction.
Moreover, COINGLASS data shows that the profit/loss indicator of Bitcoin has increased from 0.51 to 0.56 last week.
While NUPL is still in the neutral area, its height to 70 sign can achieve profits between investors, which leads to the market correction.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
The post Investors Should Track These Indicators as Bitcoin Breaks $125K first appeared on Investorempires.com.
