Crazzyblockk
Big Rock against Short-terms profitability
The most necessary condition in the behavior of the actors with the short-term nature of the market in the general review of the price cycles of Bitcoin has always been the profitability process of these activists. Usually, when the price fluctuations were not as profitable as these holders, Longer-term holdings of bitcoins from these hands have decreased. If we pay attention to the first Bitcoin price corrections from February in each price correction, the profitability of short-term holders has increased. This profitability pattern broke in July, and overall there are 13% profits kept in the pockets of short-term Bitcoin holders. A sharp decrease in the profitability of short holders, especially those who bought Bitcoin under 1-3 months, along with the extreme fluctuations in the price of Bitcoin, creates less confidence in new investors, and this event can lead to more severe reforms.