Analytics Firm Glassnode Issues Warning to Bitcoin Traders, Says Underwater BTC Positions Could Ignite Sell-Offs

Por The Daily Hodl - hai 2 anos - Tempo de lectura: 2 minutos

Analytics Firm Glassnode Issues Warning to Bitcoin Traders, Says Underwater BTC Positions Could Ignite Sell-Offs

A significant portion of Bitcoin’s supply was sold at a higher price than BTC is currently trading, which could be a bearish indicator for the largest digital asset according to the crypto analytics firm Glassnode.

Bitcoin is trading at $57,377.69 at time of writing and is down about 4.5% from where it was priced a week ago. BTC is also down nearly 17% from its all-time high of $69,044.77, which it reached about two weeks ago.

nó de vidro notas que o 15% do Bitcoin supply has an on-chain cost basis greater than $57,000, which the firm argues is a potentially bearish indicator.

“15% of supply underwater has historically been sufficient to create reflexive downside if price cannot reclaim higher levels in a reasonable timeframe.”

fonte: nó de vidro

The firm also analyzes the unspent transaction output (UTXO) realized price distribution (UPRD) metric.

“UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e. each bar shows the amount of existing BTC that last moved within that specified price bucket. There are various clusters of coins from key levels throughout 2021, with the largest being the 1.9 Million BTC moved between $60k and $68k.

This overhead supply could provide resistance in the coming weeks should underwater holders look to cut their losses.”   

fonte: nó de vidro Comprobar Prezo Acción

Don't Miss a Beat - Apúntate para recibir alertas por correo criptográfico entregadas directamente á súa caixa de entrada

Siga connosco en chilro, Facebook Telegrama

Surf The Daily Hodl Mix

  Consulte os últimos titulares das novas

  Exención de responsabilidade: as opinións expresadas en The Daily Hodl non son consellos de investimento. Os investimentos deben facer a súa dilixencia antes de realizar investimentos de alto risco Bitcoin, criptocurrency ou activos dixitais. Ten en conta que as túas transferencias e operacións están baixo o teu risco e as perdas nas que poida incorrer son da túa responsabilidade. The Daily Hodl non recomenda a compra ou venda de ningunha cripto-moeda ou activo dixital, nin The Daily Hodl é un asesor de investimentos. Ten en conta que The Daily Hodl participa no marketing de afiliados.

Featured Image: Shutterstock/Zastolskiy Victor/AM511

O posto Analytics Firm Glassnode Issues Warning to Bitcoin Traders, Says Underwater BTC Positions Could Ignite Sell-Offs apareceu por primeira vez en O Daily Hodl.

Orixe orixinal: O Daily Hodl