Bitcoin traders recently returned to profit with a shift in the Profit/Loss Margin for short-term holders rising from -19% to +21% in May.
However, the Stock-to-Flow Ratio fell by 16.66% and the Daily Active Addresses witnessed a significant negative divergence of -241.32%, indicating potential weaknesses.
The Long/Short Ratio nearing parity at 0.9964 reflects indecision among traders, suggesting caution following Bitcoin’s price surge.
Leave a Reply