List of Flash News about local top Bitcoin
Time | Details |
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2025-06-02 09:31 |
BTC Investor Behavior Signals Local Top: Momentum Buyers Drop, Profit Takers Surge (RSI Analysis May 2025)
According to glassnode, Bitcoin investor behavior data as of May 28, 2025, indicates a significant drop in Momentum Buyers, with the RSI falling to around 20, while Profit Takers' RSI spiked to approximately 77. This pattern is typically observed near local market tops, as more traders shift focus from accumulating BTC to locking in profits. Such a shift in sentiment can result in increased short-term selling pressure, raising the risk of price corrections. Traders should closely monitor these on-chain metrics and consider adjusting their strategies to account for heightened volatility and potential pullbacks in the cryptocurrency market. (Source: glassnode, Twitter, June 2, 2025) |