👍 #BTC. Activity is growing
The chart shows a noticeable increase in the balance of short-term Bitcoin traders, with two trends emerging:
1- This indicator often increases sharply near market lows
2- Speculative trading increases near market peaks, driven by short-term traders.
While the current increase is significantly smaller than the major peaks, it still represents a 25% increase in the balance of short-term traders since September.
This suggests that speculative activity among short-term holders is increasing, indicating increased confidence in the price dynamics of Bitcoin.
Excellent!
- Yes 👍
- No 👎 #BinanceTurns7 #IntroToCopytrading #trend #BTC☀ #longpositions
