Santiment: Bitcoin's profit/loss ratio is as high as 2.95, which may be a signal of a short-term price top.

CoinFeed reported on April 7th that, according to Santiment's on-chain data, Bitcoin's winning trades to losing trades ratio reached 2.95:1 over the weekend, the highest level in 12 weeks. Historical data shows that when winning trades significantly outnumber winning trades, it usually signals a short-term price top. Furthermore, Santiment points out that when the number of losing trades exceeds the number of winning trades, it is often a reliable buy signal.