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Bitcoin (BTC) has traded since yesterday between $57,000 and $69,000 (USD), its all-time high, reflecting high price volatility. And while in the last few hours, the oscillation has subsided, there is on-chain data that indicates that the strong movements could continue beneficially.
This is shown by an analysis by investor and market researcher known as AbramChart on the CryptoQuant explorer. It indicates that the percentage of BTC in unrealized losses dropped yesterday to 0.04%, the bottom of previous cycles.
Given this and bitcoin's correction from $69,000, he warns that there will be more price drops for which "the percentage of losses will increase." However, he argues that "this is very good" because it usually occurs in the midst of increases, in scenarios of high volatility, that precede the peak of the bull market.