The world’s largest cryptocurrency Bitcoin (BTC) continues to face some selling pressure and has corrected under $63,000 dropping another 2% in the last 24 hours. On-chain data shows that Bitcoin investors are losing patience as buy calls take a dip while sell calls are on the rise.
Bitcoin Sell Calls Jump
Bitcoin’s price plummeted under $63K, igniting apprehension among cryptocurrency traders as social media buzzes with diminished buy calls and increased sell recommendations. Such signs of fear, uncertainty, and doubt (FUD) creeping into the market often signal heightened probabilities of a recovery.
Courtesy: Santiment
The percentage of cryptocurrency supply currently in profit is gauged by analyzing the acquisition price of each unit against its present value, thereby determining the proportion of the supply currently in a profitable state.
Traditionally, a high ratio of supply in profit suggests that most holders purchased the asset at lower prices. During bull markets, reminis
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