Old Bitcoin Supply Remains Calm: ASOL Shows No Panic Selling
Bitcoin (BTC) is struggling to hold the $110,000 support level as price pressure intensifies heading into the final days of the month. Market structure remains fragile following recent volatility, and several analysts warn that BTC could still retest lower demand zones before establishing a stronger base. With liquidity pockets sitting below current price and sellers […]
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Curious behavior sees investors selling coins for less than they purchased them for, with Bitcoin still notionally in a bullish uptrend. Bitcoin (BTC) sellers’ losses are mounting as the BTC price downturn shows that some investors are panicking at current prices.Data from on-chain analytics firm Glassnode and trading suite Decentrader shows that in January, more and more BTC entities have been selling coins for less than they purchased them.On-chain loss selling now “consistent”While no one wants to sell an asset without profit, Bitcoin downtrends tend to see a certain cohort of market....
Traders who have held Bitcoin for more than 155 days are selling their stash as its price eyes $20,000, a Glassnode study revealed. ASOL (Please Don’t Read it Loud) The on-chain analysis platform cited Average Spent Output Lifespan (ASOL), a barometer to gauge the average age of coins that have been transacted. The metric’s higher […]
Weak hands are panic selling, but long-term BTC holders have seen it all before. While new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday, May 17.According to on-chain analytics provider, Glassnode, the crash predominantly saw newer traders exiting from their positions at a loss while long-term hodlers stood their....
The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune. In the last six weeks alone, speculators dumped their Bitcoin holdings, collectively losing $100M. That’s $100M vanishing into the ether just because people got scared. Meanwhile, seasoned investors sat back, bought the dip, and are […]
On-chain data shows that while miners are selling less BTC, old investors are realizing profits. On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits.Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far.Chart - Glassnode.comThe report asserts that miners and longer-term investors are the two principal sellers of Bitcoin during bull markets. According to Glassnode, declining miner outflows can be inferred as bullish,....