Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?
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....
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Capitulation and all-time high realized losses plague Bitcoing. What's really happening?
Bitcoin recorded a slight 1.50% price gain in the past 24 hours, with prices now hovering within the $109,000 price range, after a significant price correction from last week. While general market sentiment remains neutral, recent data from blockchain analytics firm CryptoQuant suggests the leading cryptocurrency may experience further price drops before any potential full rebound. Related Reading: Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum Bitcoin Needs Deeper Losses For Strong Rebound Signal: Data In an X post on August 30, top market analyst Ali Martinez....
On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any significant loss realization recently despite world-changing events taking place this week. The relevant on-chain indicator here is the “net realized profit/loss,” which tells us whether the overall Bitcoin market is realizing profits....
On-chain data shows the part of the Bitcoin realized cap held by the long-term holders has increased and is now at nearly 80%. Bitcoin Long-Term Holders Own Almost 80% Of Realized Cap As explained by an analyst in a CryptoQuant post, the crypto has historically tended to form bottoms around when the long-term holder share of realized cap has exceeded 80%. The “long-term holders” (LTHs) are all those Bitcoin investors who have been holding onto their coins without selling or moving since at least 155 days ago. The realized cap is a way of assessing the capitalization of the....
Data shows extreme fear sentiment in the Bitcoin market has continued for almost a month now, the longest stretch since April 2020. Bitcoin Market Sentiment Remains In Extreme Fear Territory As per the latest weekly report from Arcane Research, the crypto fear and greed index has continued to point at extreme fear this week. The “fear and greed index” is an indicator that measures the general market sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All values above “50”....