Bitcoin Deja Vu: History repeating itself with a familiar market pattern

2023-4-6 13:43

Definition

STH Realized Price is the average price of the Short-Term Holder BTC supply, valued at the day each coin last transacted on-chain. This is often considered the ‘on-chain cost basis’ of this cohort.

STH MVRV Ratio is the ratio between the market value (MV, spot price) and the Realized value (RV, realized price) for the Short-Term Holder Cohort. This allows for a visualization of Bitcoin market cycles and the unrealized profitability of this cohort.

Quick Take For months, CryptoSlate has analyzed the transition from bear to bull market, and last week the metric we have been tracking flashed on our screen. After each bullish crossover of the STH cost basis above the LTH cost basis tends to be the end of the Bitcoin bear market. Now more than ever, it is time to be analyzing the behavior of the short-term holder cohort. As the STH supply continues to grow, this will have a knock-on effect on RP and MVRV ratio to continue to grow. The MVRV ratio is currently at 0.3, which means the current price is -70% below the market avg cost basis (STH BTC holder is underwater by -70%). As Bitcoin continues to consolidate, this will improve the cost basis for both STHs and LTHs. Cost Basis: (Source: Glassnode) STH RP MVRV: (Source: Glassnode)

The post Bitcoin Deja Vu: History repeating itself with a familiar market pattern appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

on-chain price each valued day coin transacted

Источник: cryptoslate.com

on-chain price → Результатов: 126


17 straight days of positive realised profit for Bitcoin, the longest streak in a year

On-chain profit metrics have picked up as the Bitcoin price has risen Net realised profits have been positive for 17 days, the longest streak in a year 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000 Volatility has picked […] The post 17 straight days of positive realised profit for Bitcoin, the longest streak in a year appeared first on CoinJournal.

2023-3-30 20:15


Фото:

$28.7K Could Be Next Level To Break For Bitcoin, Here’s Why

On-chain data suggests the $28,700 mark, which Bitcoin has yet to hit since the LUNA collapse, could be the next major obstacle to clear for the asset. Bitcoin Has Been Under The $28,700 Level For 310 Days Now According to data from the on-chain analytics firm Glassnode, the $28,700 is the cost basis (that is, the acquisition price) of a specific whale group in the BTC market.

2023-3-22 22:48


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Rate hikes linked to 11 out of 14 past U.S. recessions, historical analysis shows

Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.