CEO of on-chain analytics platform CryptoQuant Ki Young Ju,Bitcoin 
$76,133It offered an important signal regarding the current price cycle of (BTC). In his post from his X account on November 8, he explained that they created cyclical buy/sell signals by combining Bitcoin’s on-chain cost-based indicators. These signals are triggered only 1-2 times per cycle and provide guidance for investors in determining long-term buying and selling periods.
Profitability of Bitcoin Wallets Analyzed
According to the data revealed by Ki Young Ju, realized prices on-chain Bitcoin It reveals the current profitability in their wallets. According to current data, Bitcoin wallets face an average profitability of 127 percent and the buy/sell signal is currently a buy signal.
While the profitability rate in question can drop to -24 percent at the bottom of Bitcoin’s price cycle, it can reach as high as 298 percent during the peak periods. This profit/loss cyclicality is important for long-term investors. Bitcoin marketIt is very important because it creates predefined warnings so that they can act more cautiously against fluctuations in the world.
Signals Guidance for Investors
Ju’s analysis shows that signals inspired by Bitcoin’s historical price movements can be a powerful guide for investors. These signals, which are triggered rarely in each cycle, indicate buying or selling opportunities to investors. In particular, Bitcoin’s current price level appears to offer profit potential for long-term investors.
Such signals allow investors to be prepared for fluctuations in Bitcoin cycles and to act strategically against market changes.
The largest with current data cryptocurrency Bitcoin is trading at $76,205 with an increase of 1.78 percent in the last 24 hours. The data reveals that the largest cryptocurrency has increased by 9.94 percent in the last 7 days, in addition to its 1.78 percent rise in the last 24 hours. Bitcoin remains the largest and most valuable asset in the cryptocurrency market, currently with a market value of $1.5 trillion.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
