Bitcoin Sees 3:1 Profit-To-Loss Transaction Ratio—A Local Top Signal?

On-chain data shows the Bitcoin network has seen a spike in profit transactions, something that has often led into local price tops in the past. Bitcoin Has Seen Its Highest Profit-To-Loss Transfer Ratio In 12 Weeks In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the ratio of profit and loss transactions taking place on the Bitcoin network. A transfer is categorized as a ‘profit’ one when the tokens involved in it had a last transaction price lower than the latest one. Similarly, transfers with coins of the opposite type fall into the ‘loss’ category. Related Reading: Bitcoin Sharks & Whales Capitulate: Realized Loss Exceeds $200M Below is the chart shared by Santiment that shows the ratio between the number of transactions falling in each group over the last few months. As is visible in the graph, the ratio has witnessed a rapid surge for the Bitcoin blockchain recently, indicating profit transactions have outpaced