Bitcoin STH Profit-Taking Ramps Up As Price Breaks $74,000
On-chain data shows the Bitcoin short-term holders have responded to the latest price rally by participating in profit realization. Bitcoin Short-Term Holders Have Shown A Realized Profit Spike In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit for the Bitcoin short-term holders. The Realized Profit here refers to an indicator that measures, as its name suggests, the total amount of profit being harvested by BTC investors through their transactions. The metric works by going through the transfer history of each coin being moved on....
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Since issuing a buy signal the other day, Bitcoin quickly jumped $40/coin. There it met resistance at $780, which was predictable given that the recent swing high was stopped there. $780 was discussed in our last update as a likely place of profit-taking. This has come to pass. The question is: What is next?” In my opinion, while of course there will be lots of profit-taking and turbulence along the way, there is little (long-term) resistance before ~$860. There, price will hit the top of the square and could (perhaps) make a swing high there. If price breaks above the top of the square,....
On-chain data shows the profit-taking among Cardano investors has spiked to high levels, a sign that the asset may register a decline in the coming days. Cardano Has Observed High Profit-Taking After The Rally According to data from the on-chain analytics firm Santiment, AAVE, ADA, and CRV are among the altcoins that have recently observed the most extreme profit-taking. The relevant indicator here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name suggests, tells us about how the profit-taking volume of any cryptocurrency compares with....
On-chain data shows that Ethereum traders are capitulating following the slowdown of the rally, something that may turn out to be positive. Ethereum Traders Are Selling At A Loss Right Now According to data from the on-chain analytics firm Santiment, ETH investors are getting increasingly frustrated as they are now participating in significant loss-taking. The relevant indicator here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name already implies, compares the profit-taking volume to the loss-taking volume for any given cryptocurrency.....
Bitcoin is heavily riding the renewed bullish wave observed across the broader crypto industry, and its price has now reclaimed the pivotal $120,000 price level. Heightened selling pressure from investors and traders seems to have followed the ongoing upward action in BTC’s price. Massive Profit-Taking Frenzy Hits Bitcoin Investors are currently exhibiting a worrying trend […]
On-chain data shows that investors on the Solana network participated in significant profit-taking ahead of the asset’s latest retrace. Solana Realized Profit Registered A Sharp Spike Yesterday According to data from the on-chain analytics firm Glassnode, the Realized Profit observed a huge spike for Solana recently. The “Realized Profit” here refers to an indicator that, as its name suggests, keeps track of the total amount of profit that the investors are ‘realizing’ through their selling. The metric works by going through the transfer history of each coin....