Solana Now Retesting Realized Price: Will Shift To Bear Market Happen?
On-chain data shows Solana is hovering around its Realized Price right now, a level that has historically served as the boundary for major trend shifts. Solana Has Plunged To The Realized Price Recently In a new post on X, CryptoVizArt.₿, senior analyst at the on-chain analytics firm Glassnode, has discussed about the Realized Price of Solana. The “Realized Price” refers to an indicator that, in short, keeps track of the cost basis of the average investor or address on a given cryptocurrency network. Related Reading: Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says:....
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On-chain data shows the Ethereum MVRV ratio is currently testing a level that has historically served as the boundary between bear and bull markets. Ethereum MVRV Ratio Is Retesting Its 180-Day SMA Right Now The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Ethereum market cap and realized cap. The former is naturally just the total supply valuation at its spot price. At the same time, the latter is an on-chain capitalization model that calculates the value differently. The realized cap assumes that the real value of any coin....
On-chain data shows the Bitcoin price has now once again dipped below the realized price, suggesting the bear market may not be over afterall. Bitcoin Earlier Broke Above Realized Price, But Has Now Fallen Back Again As pointed out by an analyst in a CryptoQuant post, the BTC price has re-entered into the historic bear […]
On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through. Bitcoin Is Currently Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has returned to the Realized Price of the short-term holders with its drawdown. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the acquisition price or cost basis of the average investor in the Bitcoin sector. When the value of this metric is....
BTC bulls aim to confirm $20,000 as support as fresh on-chain data begins to signal that the bottom might be in. While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level. Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well....
The Bitcoin price is lingering just under $19,000 at the time of writing, not far from the local low of $18,300. When the Consumer Price Index (CPI) and Producer Price Index (PPI) data was released last week, the BTC price plunged to just that price level. Unexpectedly for many, a very quick rebound happened, catching shorters off guard. With November 02 – when the FED meets again – in mind, the Bitcoin price doesn’t have much room to fall below that level at the moment. Moreover, a look at the on-chain suggests another crash is possible in the short term, although there....