Over 40% Of Bitcoin Supply Now Underwater As Losses Near $600 Billion
Long-term Bitcoin holders are selling at a loss — and the numbers show it’s becoming a pattern, not an anomaly. Related Reading: Bitcoin Stumbles Hard: The Worst Q1 In Years Raises Big Questions US Buyers Stay On The Sidelines Bitcoin’s Coinbase Premium Index has stayed negative in recent weeks, a sign that American investors have largely pulled back from the market. According to CryptoQuant, the gap between BTC pricing on Coinbase and Binance reflects a broader reluctance among US buyers to step back in at current levels. That hesitation is showing up across multiple data....
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On-chain data shows about 70% of the total Bitcoin supply is currently in profit, a level that has historically been important for bulls. Around 30% Of Total Bitcoin Supply Is Now Underwater As per the latest weekly report from Glassnode, the percentage of BTC supply in profit has now fallen off to just 70%. The “percent of supply in profit” is an indicator that measures the percentage of the total Bitcoin supply that’s currently in the green. When the value of this metric increases, it means more coins have started to get into profit. This leads to holders becoming more....
On-chain data shows the Bitcoin supply in profit has dropped to just 55% recently. Here’s what historical trend suggests regarding if a bottom has already been hit or not. Around 45% Of The Bitcoin Supply Is Underwater Right Now As pointed out by an analyst in a CryptoQuant post, during past cycles the supply in […]
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....
Data shows the Ethereum supply locked in the ETH 2.0 staking contract was holding unrealized losses amounting to almost $15 billion just a few days back. Realized Price Of ETH 2.0 Deposits 44% More Than Normal Supply As per a special report released by Glassnode and CoinMarketCap, the Ethereum locked into the 2.0 contract is […]
The market downturn has hit Solana hard as a majority of its supply is now underwater. Here’s how Bitcoin, XRP, and Ethereum compare. Bitcoin, XRP, And Ethereum Are Currently Far Below Solana In Loss Supply In a new post on X, on-chain analytics firm Glassnode has talked about how some of the top assets in […]