If Bitcoin reaches this level, sell aggressively!

According to an analysis published by CryptoQuant, selling should begin when an important metric on the Bitcoin ($BTC ) chart reaches 4 percent.

On-chain analysis platform CryptoQuant made remarkable statements in its Quicktake blog post published on December 13. The analysis platform advised its readers to monitor the part of the Bitcoin supply that is in loss.

According to CryptoQuant, the profitability level of the Bitcoin supply will be a good focus for those who want to avoid a bear market. In the analysis, it was recommended that investors “aggressively” sell their BTC if the metric in question occurs.

Which metric should be followed for Bitcoin?

CryptoQuant argues that the Bitcoin bull run will end when the supply profitability exceeds a certain threshold. The analysis included the following statements;

“The BTC supply in loss may drop by 50 percent before the sell signal.”

Onchain Edge, which examined the recent market reversal in late 2021, stated that supply profit signals have been working for months. Onchain Edge noted the following;

“When BTC’s supply in loss drops below 4 percent, you should start aggressively exiting #BTC and wait for the next bear market bottoms.”

The metric in question shows the daily moving averages of the current supply percentage in loss. The metric is moving at 8 percent levels.

According to the analysis, February was the right time to start selling BTC in parts and reduce risk. The post published by CryptoQuant defined the 4 percent metric as the level where many investors are in profit. It was claimed that the level in question was the peak of the bull run.

The analysis, which came when #BTC exceeded $ 100,000, created anxiety in crypto investors. Many investors argued that the bull run has not yet started in altcoins and that it is too early to prepare for the bear market.