Hodlers in loss sit on 50% of BTC supply after $5.7K Bitcoin price dip
Unrealized losses are hitting both long-term and short-term holders this week, with half of the supply underwater in wallets. Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain.Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high.Long-term holders shoulder record unrealized lossesProfitability has taken a serious hit in recent days, and on-chain data confirms that even the most seasoned investors are suffering.As BTC/USD crashed to two-year....
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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....
A historically significant 30% of the Bitcoin supply is now held at a loss — and that has ended in a bullish rebound twice since March 2020. Bitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle.As noted by on-chain analytics firm Glassnode on Monday, 30% of the BTC supply is now at a loss — historically, this has been a key number to defend for bulls.Mixed opinions on rebound chancesBitcoin's descent from $69,000 to current levels — at one point over 40% — is nothing unusual, but for long-term investors, there is a specific reason to hope....
On-chain data shows the amount of Bitcoin supply in loss has now risen to the highest value since the COVID-19 crash. Bitcoin Supply In Loss Now Measures Around 7.6M BTC As pointed out by an analyst in a CryptoQuant post, the BTC supply in loss hasn’t shown such high values since the first half of […]
On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom. Bitcoin Supply In Loss Spikes Up Following The Latest Crash As pointed out by an analyst in a CryptoQuant post, the BTC supply in loss has set a new record for this year following the FTX disaster. The “supply in loss” is an indicator that measures the total amount of Bitcoin that’s currently being held at some loss. This metric works by looking at the on-chain history of each coin in the circulating supply to see what price it....
Data shows around 15% of the total Bitcoin supply is now in loss, a value that has historically been sufficient to push the price down. Percentage Of Bitcoin Supply In Profit has Fallen Down To Just 85% As per the latest weekly report from Glassnode, the total BTC supply in profit has fallen down to just 85% this week, meaning that 15% of the supply is now in loss. The “percent supply in profit” is a Bitcoin indicator that highlights the share of the total supply that’s currently in profit. The metric works by looking at what price each coin in the chain was last moved....