Bitcoin Unrealized Loss Hits 15% Of Market Cap—Still Below FTX Capitulation L...

On-chain data shows the Unrealized Loss in the crypto market recently ballooned to $350 billion, with Bitcoin accounting for a significant part of it. Unrealized Loss Has Spiked In The Crypto Sector After Bearish Price Action In a new post on X, on-chain analytics firm Glassnode has shared the data related to the Unrealized Loss […]

Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too scary when considering the trend in the Unrealized Loss. The “Unrealized Loss” here refers to an on-chain indicator that keeps track of the total loss that addresses across the Bitcoin network are holding right now. This metric works by going through the....

BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from Glassnode warns of another final sell-off. The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers "are now underwater" and the market is gearing up for a final capitulation event. Bitcoin net unrealized profit/loss. Source: GlassnodeAs seen in the graphic above, the NUPL, a metric tha is a measure of the overall unrealized....

While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode. Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that market capitulations have been ongoing for about a month and that several other signals suggest bottom formations in Bitcoin prices. However, Glassnode analysts wrote that the....

The on-chain analytics firm Glassnode has revealed in a report how this historical bear market confirmation is yet to appear for Bitcoin in the current cycle. Bitcoin Unrealized Loss Hasn’t Spiked For Long-Term Holders Yet In its latest weekly report, Glassnode has discussed about the trend in the Unrealized Loss for the two major Bitcoin cohorts. The “Unrealized Loss” is an on-chain indicator that measures the total amount of loss that the BTC addresses as a whole are carrying. The metric works by going through the transfer history of each coin in circulation to see what....