More Solana Holders Are Now Underwater As The Percentage Of Supply In Loss De...
Even while the price of Solana experienced a slight bounce on Sunday, investors are still feeling the pain from the current pullback. Given the sharp drawdown in SOL’s price, a significant portion of the supply held by investors is now in the red, which is triggering a wave of uncertainty in the market. Solana Investors […]
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On-chain data shows the percentage of the Bitcoin supply in loss has surged to almost 50% now as the crypto’s price tumbles below $20k. 49.94% Of The Total Bitcoin Supply Is Now Holding Some Loss As pointed out by an analyst in a CryptoQuant post, the drop below $20k has now put almost 50% of the supply underwater. The “percent supply in loss” is an indicator that measures what part of the total Bitcoin supply is currently in the red. The metric works by checking the transfer history of each coin on the chain to see what price it was last moved at. If the previous selling....
On-chain data shows about 70% of the total Bitcoin supply is currently in profit, a level that has historically been important for bulls. Around 30% Of Total Bitcoin Supply Is Now Underwater As per the latest weekly report from Glassnode, the percentage of BTC supply in profit has now fallen off to just 70%. The “percent of supply in profit” is an indicator that measures the percentage of the total Bitcoin supply that’s currently in the green. When the value of this metric increases, it means more coins have started to get into profit. This leads to holders becoming more....
An analyst has pointed out how a sort of supply “air gap” exists for Solana below $144, with no major on-chain support levels until much lower. Solana URPD Reveals Supply Chasm Below $144 In a new post on X, analyst Ali Martinez has talked about how Solana support is looking from an on-chain lens. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of coins that investors last purchased at it. Related Reading: Bitcoin Crashes To $98,000 As HODLer Selling Accelerates The reasoning behind this is that holders look at their....
It may be a case of "so near yet so far" when it comes to June's multi-year low being the next BTC price floor, warns Willy Woo. Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest.For Woo, there is still reason to....
The cryptocurrency market has weathered a challenging period, testing the resolve of the most seasoned investors. After a prolonged period of downward pressure, the Bitcoin Supply-Loss Chart is flashing a possible bottom signal. A Deeper Look At Bitcoin Supply In Loss Chart Bitcoin on-chain data on the loss chart is currently flashing a possible bottom. In an X post, CryptosRus has revealed that the supply in the Loss metric chart tracks the total amount of BTC held by addresses where the current market price is below the average cost basis of those holdings. Essentially, the portion of....