Bitcoin Sell-Off Intensifies With Realized Losses Of $57 Million Per Hour – D...
The Bitcoin (BTC) market has been highly volatile in the last week and under a strong bearish influence. In this period, Bitcoin has crashed by over 15% falling as low as $80,000. Interestingly, blockchain analytics firm Glassnode has provided an in-depth analysis of investors’ behavior amidst this price decline highlighting the cohort with the largest […]
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Capitulation and all-time high realized losses plague Bitcoing. What's really happening?
The classic bottom zone reappears on the back of serious sell pressure stoked by mayhem on stablecoin markets. Bitcoin (BTC) bounced past $28,000 during May 12 after repeating a chart structure not seen since March 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC seller losses spiralData from Cointelegraph Markets Pro and TradingView continued to track BTC/USD as it briefly fell to just under $24,000 on Bitstamp.A strong reversal then sent the pair several thousand dollars higher in minutes, with consolidation then taking hold to see it trade at around $27,000.The bounce....
The recent market losses have seen institutional investors shift their focus once more to bitcoin. Inflow and outflow trends paint a very vivid picture of going back towards bitcoin to minimize the losses being realized from altcoins. This has seen most of last week’s inflows going into the pioneer cryptocurrency, as altcoins mark another week of little to no inflow. $126 Million To Bitcoin The last week has seen renewed faith in the performance of bitcoin. This is evidenced by the fact that institutional inflows into the digital asset had topped at $126 million. Although the last couple....
Consensus says that $22,400 marks the start of possible bottom territory, but the downside targets technically extend all the way to $11,000. Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms.Bitcoin clings to realized priceAt around $23,400, realized price — the average price at which each BTC last moved — is acting as the first solid support so far on....
Data shows the net amount of losses being realized in the Bitcoin market is going down, but nonetheless remains at a high value. Bitcoin Net Realized Profit/Loss Still Has A Pretty Negative Value As per the latest weekly report from Glassnode, the net loss realization has reduced a bit recently, but the market is not near a neutral level of selling yet. The “net realized profit/loss” is an indicator that measures the net magnitude of profits or losses being realized by all investors in the Bitcoin market. The metric works by looking at the on-chain history of each coin being....