$161 Billion In Bitcoin Short-Term Investor Capital Vanishes – Will This Weak...
Bitcoin has faced intense selling pressure and uncertainty, with its price aggressively declining over the past few weeks. The ongoing trade war tensions and macroeconomic instability continue to weigh on financial markets, pushing both crypto and U.S. stocks lower. Despite strong fundamentals, including increased adoption and utility, Bitcoin has yet to reclaim key levels, leaving […]
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On-chain data shows the Bitcoin price has reclaimed the cost basis of the short-term holders, a level that has historically been psychologically important. Bitcoin Is Now Back Above The Short-Term Holder Realized Price In a new post on X, the on-chain analytics firm Glassnode has discussed the Realized Price of the Bitcoin short-term holders. The “Realized Price” here refers to an indicator that keeps track of the cost basis or acquisition level of the average investor in the BTC sector. Related Reading: Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000 When the spot....
Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X post, Bitcoin found support around the short-term holder Realized Price during the latest dip. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor on the BTC network. Related Reading: Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year When the price of the....
Bitcoin has shown some impressive strength above the $34,000 mark despite a high amount of profit-taking from short-term holders. Bitcoin Short-Term Holders Are Selling, While Long-Term Holders Are Still Quiet As explained by analyst James V. Straten in a new post on X, the short-term holders are currently participating in one of the strongest profit-taking events of the past couple of years. The “short-term holders” (STHs) here refer to all those Bitcoin investors who have been holding onto their coins since less than 155 days ago. This group comprises one of the two main....
Ethereum’s short-term market structure has been flashing some signs of weakness as of late Although the cryptocurrency has mainly been consolidating and has lacked directionality, there is currently significant uncertainty within the entire crypto market This could continue perpetuating investor fear, potentially causing assets like ETH to see further downside in the days and weeks ahead One trader is particularly watching for another $300 test for the cryptocurrency, noting that although its short-term outlook is […]
And now for the news scores of members of the bitcoin community have been waiting for. The winner of last Friday's bitcoin auction held by the United States Marshals Service has been revealed. His name is Tim Draper, and he's a prominent venture capital investor, and he's made away with all 29,000+ bitcoins worth over $18 million. The plan? According to this post on Medium, Draper will be partnering with a start-up called Vaurum with the goal of providing bitcoin liquidity in emerging markets. Said Draper in a statement: Bitcoin frees people from trying to operate in a modern market....