Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling
On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From....
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On-chain data shows Bitcoin is fast approaching the cost basis of the short-term holders, a retest of which could potentially change the asset’s course. Bitcoin Is Nearing The Short-Term Holder Realized Price As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin could be closing in on the Realized Price of the short-term holders. The Realized Price here refers to an on-chain indicator that measures the cost basis of the average investor or address on the BTC network. Related Reading: Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling When the....
On-chain data shows the Bitcoin long-term holder SOPR has recently observed spikes, suggesting that this cohort is still continuing to sell. Bitcoin Long-Term Holder SOPR Spiked Up When Price Crossed $30k As pointed out by a CryptoQuant post, selling pressure in the market still looks to be high as long-term holders are also looking to sell. The “spent output profit ratio” is an indicator that tells us whether the overall market is selling Bitcoin at a profit or loss right now. The metric works by checking the on-chain history of each coin being sold to see what price it last....
Curious behavior sees investors selling coins for less than they purchased them for, with Bitcoin still notionally in a bullish uptrend. Bitcoin (BTC) sellers’ losses are mounting as the BTC price downturn shows that some investors are panicking at current prices.Data from on-chain analytics firm Glassnode and trading suite Decentrader shows that in January, more and more BTC entities have been selling coins for less than they purchased them.On-chain loss selling now “consistent”While no one wants to sell an asset without profit, Bitcoin downtrends tend to see a certain cohort of market....
Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week. The “spent output profit ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or a loss right now. The metric works by looking at the on-chain history of each coin....
On-chain data shows the small Ethereum hands have sold into the latest price surge, a sign that retail traders don’t believe that the rally will last. Ethereum Retail Supply Has Seen A Notable Decline Recently According to data from on-chain analytics firm Santiment, the retail-sized Ethereum investors have been reducing their supply recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of the cryptocurrency that’s being held by a particular wallet cohort. Related Reading: Ethereum MACD Flashes Golden Cross—Price....