Bitcoin at $61K: Are investors losing interest? THIS is a worr | Crypto Portal

Bitcoin at $61K: Are investors losing interest? THIS is a worrying sign

Skepticism Surges as BTC Dips
Bitcoin's recent drop to the $61,000 range has raised eyebrows and concerns among both holders and traders.

Declining Accumulation: A Cause for Concern
Since May, the overall accumulation of BTC has been on a downward trend, with only around 10,000 new Bitcoins added in the past month compared to the 19,000 created. It's the smaller investors leading the charge.

Price Stagnation or Decline?
If this decline in accumulation continues, we might see either a stagnation or even a potential decline in Bitcoin's price.

Profitability Matters for Holders
Most BTC addresses are currently holding their coins at a loss, as indicated by the MVRV ratio. This means they might be inclined to wait for profitability before selling.

Long vs. Short: A Shift in Sentiment
The Long/Short ratio for BTC has taken a significant hit lately, suggesting that short-term holders are starting to outnumber long-term ones. This shift could impact market dynamics.

As Bitcoin hovers around $61K, it's crucial to keep an eye on these indicators as they may signal a shift in investor sentiment and potential market movements.