Bitcoin drops below $29K as short-term holders panic sell at a loss

2023-4-20 13:00

Quick Take Short-term holders are defined as a holder of Bitcoin (BTC) for less than 155 days. This cohort bought the local top — above $30,000 — and is selling the dip at a loss. Bitcoin bull markets are denoted by Spent Output Profit Ratio (SOPR) — a sustained rally above one indicates a bull market — and when it goes under one for a brief amount of time, this cohort is washed out — selling at a loss. We must resume the above one to see a sustained rally. In addition, short-term holders selling Bitcoin at a loss to exchanges are slightly elevated. While, over a 7-day moving average, the short-term holder supply has decreased notably — one of the most dramatic changes in the past year. SOPR: (Source: Glassnode) STH Supply: (Source: Glassnode) STH sending at a loss: (Source: Glassnode)

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Bitcoin (BTC) на Currencies.ru

$ 61234.67 (-1.66%)
Объем 24H $27.047b
Изменеия 24h: -1.59 %, 7d: -0.30 %
Cегодня L: $60847.57 - H: $63287.39
Капитализация $1206.104b Rank 1
Цена в час новости $ 28862.64 (112.16%)

sell loss short-term holders bitcoin cryptocurrency held

Источник: cryptoslate.com

sell loss → Результатов: 43


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