Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?
Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week. The “spent output profit ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or a loss right now. The metric works by looking at the on-chain history of each coin....
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Capitulation and all-time high realized losses plague Bitcoing. What's really happening?
The Bitcoin market appears to be riddled with an increasing amount of sell-side pressure, as its recent price action reveals bears’ dominance. Interestingly, another on-chain evaluation suggests that the current market movement may be a direct effect of rising panic-induced sales. $1.7B Realized Losses Vs $605M Realized Gains In a Quicktake post on the CryptoQuant platform, GugaOnChain shared that the Bitcoin market has been in a capitulation phase in recent days. This on-chain observation revolves around the Bitcoin Realized Profit and Loss ($) metric. For context, this metric....
On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any significant loss realization recently despite world-changing events taking place this week. The relevant on-chain indicator here is the “net realized profit/loss,” which tells us whether the overall Bitcoin market is realizing profits....
Bitcoin recorded a slight 1.50% price gain in the past 24 hours, with prices now hovering within the $109,000 price range, after a significant price correction from last week. While general market sentiment remains neutral, recent data from blockchain analytics firm CryptoQuant suggests the leading cryptocurrency may experience further price drops before any potential full rebound. Related Reading: Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum Bitcoin Needs Deeper Losses For Strong Rebound Signal: Data In an X post on August 30, top market analyst Ali Martinez....
The price performance of Bitcoin over the past two weeks has been a major source of concern, as the coin’s value continues to drift away (about 15% down now) from its all-time high. As the flagship cryptocurrency slows down, the latest on-chain data suggests that a group of investors is exiting the market en masse. More Short-Term Holders Are Giving Up Their Holdings In an October 18 post on the X platform, on-chain analyst Darkfost revealed that a significant number of Bitcoin’s short-term investors have started to close their positions and realize their losses. Related....