Checkmatey, an analyst at on-chain data analytics firm Glassnode, wrote that the Bitcoin seller risk ratio has reached a certain level, indicating that it is time for the market to take action.
Everyone who would have made a profit has made a profit. The same goes for losses. The market needs to find a new price range to fan the flames of fear, greed, panic or excitement.
Moreover, bitcoin futures carry trades are likely to have reached their limits. A few weeks ago, traders could lock in a near-risk-free 10-year premium by going long spot and short futures. Technically, the annual premium rate is 5% because both sides require fees. Now it's down to 6% (technically 3%), below the risk-free rate of cash equivalents.
Analyst: Bitcoin seller risk ratio has reached a certain level, and the market needs to find a new price range
2024-06-24 00:29:46
On-chain data analytics company glassnode analyst checkmatey post saysdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析师：比特币卖方风险比率已达到一定水平，市场需要找到一个新的价格区间Next article：
本周全网主流加密项目将共计解锁价值1.88亿美元的代币
