👉The unrealized profit ratio of investors $BTC is at 51.35% (Bitcoin: Net Unrealized Profit/Loss).
What does this mean? 👇
👉The 51.35% level shows that the market is in a bullish phase, and many investors are making profits, the market is in the middle of a bull run, but has not reached the point of overheating or bubbling (which usually happens when this ratio crosses 75% or higher, into the "greed" or "euphoria" zone).
There is not much negativity from selling pressure in the market right now. Before that we had Mt.Gox and the German government😫. Currently with the optimistic sentiment, BTC is likely to continue to break the peak in the near future, before the US election 💥
Continue to hold and wait for the US presidential election to push #Bitcoin to 100k 😉