XRP Waning Price Action Drives Supply Deeper Into The Loss Territory
While the broader cryptocurrency market reeks of heightened volatility, the price of XRP appears to be stuck below the $1.5 mark, which is now considered one of its major resistance levels. With the persistent downside price performance, the percentage of supply in loss has risen sharply, demonstrating the impact of the bearish action on the […]
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On-chain data shows the percentage of the Bitcoin supply in loss has surged to almost 50% now as the crypto’s price tumbles below $20k. 49.94% Of The Total Bitcoin Supply Is Now Holding Some Loss As pointed out by an analyst in a CryptoQuant post, the drop below $20k has now put almost 50% of the supply underwater. The “percent supply in loss” is an indicator that measures what part of the total Bitcoin supply is currently in the red. The metric works by checking the transfer history of each coin on the chain to see what price it was last moved at. If the previous selling....
Following the sudden pullback observed across the cryptocurrency market, the price of XRP has fallen sharply, causing it to revisit the $1.8 threshold. With XRP’s price facing heightened bearish pressure, traders appear to be stepping back, raising questions about the current price action. Leverage Unwinds Across XRP Markets XRP’s waning price action is starting to […]
The cryptocurrency market has weathered a challenging period, testing the resolve of the most seasoned investors. After a prolonged period of downward pressure, the Bitcoin Supply-Loss Chart is flashing a possible bottom signal. A Deeper Look At Bitcoin Supply In Loss Chart Bitcoin on-chain data on the loss chart is currently flashing a possible bottom. In an X post, CryptosRus has revealed that the supply in the Loss metric chart tracks the total amount of BTC held by addresses where the current market price is below the average cost basis of those holdings. Essentially, the portion of....
Even though Ethereum is facing bearish action after a pullback from its all-time high a few days ago, the second-largest crypto asset is still holding remarkably well above the $4,000 price mark. There has been a notable bullish response from ETH investors in the midst of the waning price action, as indicated by a rise […]
Ethereum, the leading altcoin, is in the spotlight again, not because of its recent price action, but its staking activity. Currently, ETH staking activity is at its highest rate ever, with millions of supply being locked away in staking contracts. Rising Staking Trends Shrink Ethereum’s Supply In light of the ongoing waning market performance, a […]