Bitcoin Rallies, But Traders Still Realizing $479M In Losses Daily
On-chain data shows the Bitcoin Realized Loss indicator has remained elevated even after the latest surge in the cryptocurrency’s price. Bitcoin Realized Loss Has Stood At $479M Per Day Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed the latest trend in the Realized Loss for the Bitcoin network. The “Realized Loss” […]
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Bitcoin has entered a turbulent phase marked by sharp selling pressure and heightened volatility, leading some analysts to label the current correction as a capitulation event. Across the market, investors are realizing losses, while overleveraged traders continue to face liquidation cascades as Bitcoin struggles to find a stable footing. Despite the ongoing drawdown, however, fresh […]
Bitcoin and select altcoins continue to face selling at higher levels, which is proof that investor sentiment remains negative as traders continue to sell on rallies. Nonfarm payrolls rose by 315,000 jobs in August, down from the July increase of 526,000 jobs. The report was just below the Dow Jones estimate of 318,000 jobs and the slowest monthly gain since April 2021. The S&P 500 rose in response to the report, but later erased its gains, indicating that bears continue to sell on rallies.That may be because the U.S. dollar index (DXY), which had retreated from its Sept.1 20-year high,....
Bitcoin liquidations have continued as the year draws to an end. The year has been rocked with liquidations that have gone past the $100 billion mark and there does not seem to be a stop even as 2022 rolls around. Long traders have had to bear the brunt of the losses given the recent downtrend. As bitcoin looks set to finish the year off below $50K, these losses will continue well into the year. Bitcoin Liquidations Continue Data on the 12 and 24-hour scales on Coinglass shows that bitcoin liquidations have not really slowed down. This number has climbed for the past 12 hours as of the....
The crypto market is entering a decisive moment as Bitcoin and most major altcoins continue to face intense selling pressure, with investors increasingly capitulating and locking in losses. Short-term holders are realizing losses at historic levels, while liquidity thins across spot and derivatives markets. Yet, amid this downturn, a new development from Japan introduces a potential […]
On-chain data shows Bitcoin long-term holder SOPR has reached the deepest value since 2019, suggesting this cohort has been realizing some heavy losses recently. Bitcoin Long-Term Holder SOPR Continues To Trend Down As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are currently realizing the largest amount of losses since 2019. The “spent output profit ratio” (or SOPR in brief) is an indicator that tells us whether Bitcoin investors are selling at a profit or at a loss right now. The metric works by checking through the transaction history of each coin....