Bitcoin Price Could Resume Its Downward Trend As Realized Profit Climbs To 20...
Based on its performance over the past month, the Bitcoin price seems to be fighting its way out of the bear market. However, the overall market structure has yet to completely shift from a downward to a positive trend. In fact, a recent on-chain analysis suggests that the premier cryptocurrency might have recently formed a […]
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On-chain data shows XRP profit realization has witnessed a huge spike recently, but price has rebounded back above $2.50 anyway. XRP Realized Profit Is Up 240% Since Late September In a post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit of XRP. The “Realized Profit” here refers to an indicator that measures the total amount of profit investors as a whole are “realizing” through their transactions every day. The metric works by going through the transfer history of each token being transacted on the chain to see what....
What needs to happen for the downward Ethereum trend to continue? What awaits Ethereum’s price? The ETH/USD market failed to choose a specific direction during the weekend. After the downward trend stopped, the price started forming a recoil. Just like with Bitcoin, the sellers have started closing their deals for profit. The continuation of the downward trend depends on the level of $9.7, which Ethereum’s price has bounced off repeatedly, displaying the importance of that resistance. That’s why if the ETH/USD fortifies at that level, there will be a possibility of a downward movement with....
A report from the on-chain analytics firm Glassnode has revealed how Bitcoin investors have recently been realizing an hourly profit 17% above the baseline. Bitcoin Realized Profit Has Spiked Alongside Recovery Rally In its latest weekly report, Glassnode has talked about the recent trend in the Realized Profit of Bitcoin. The “Realized Profit” here refers to an on-chain indicator that, as its name suggests, measures the total amount of profit that the BTC investors are realizing through their selling. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply....
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....
Bitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike. Bitcoin Realized Profit Crossed $20M/Hour During Rally In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Profit, which is an indicator that […]