Bitcoin traders are back in profit, but are they ignoring these warning signs?

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.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts