Bitcoin Surge Above $27,000 May Not Last, Here’s Why

Bitcoin has broken back above the $27,000 level during the past day, but if on-chain data is to go by, this surge may not last for long.
Bitcoin Investors Are Taking Profits At Highest Rate In 3 Months
According to data from the on-chain analytics firm Santiment, there is a chance that a short-term correction could happen for the cryptocurrency. The relevant metric here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name suggests, tells us about