The chart shows that we have reached level 24 on the Realized Profit/Loss Ratio indicator, which indicates that profit taking is significant. This means that large players have started to exit their positions. Although this indicator does not always lead to an immediate price decline, it increases the likelihood of a short-term correction.
This is not the best time to buy BTC, as the current market dynamics may signal volatility to come. Buying in this phase is associated with increased risks, especially for short-term speculators. It is recommended to set stop orders to protect your positions in case of a sharp decline.
Given the actions of big capital, the situation can change quickly, and it is worth being prepared for unexpected market movements.
