Kacanode: Bitcoin Holders Realized 14x More Losses Than Profits Recently

Ku NewsBTC - 1 year ago - Reading Time: 2 menit

Kacanode: Bitcoin Holders Realized 14x More Losses Than Profits Recently

Data from Glassnode reveals Bitcoin holders realized 14 times more losses than profits in recent weeks.

Bitcoin 7-Day MA Realized Profit/Loss Ratio Sets New All-Time Low

Salaku per laporan mingguan panganyarna ti Gelas, the realized profit/loss ratio has assumed its lowest value ever recently.

Whenever a coin sits idle on the chain and the price of Bitcoin changes, it accumulates some amount of profit or loss, depending upon the direction of the price fluctuation.

This profit or loss is called “teu direalisasikeun” so as long as the coin holds still in the same wallet, but as soon as the holder moves/sells this coin, the total amount of profit/loss it was carrying is then said to be “realized.”

The realized profit and the realized loss metrics keep track of such amounts of profit and loss being harvested by investors across the BTC market.

Now, the “realized profit/loss ratio” is an indicator that measures the ratio between the current values of these two metrics.

Here is a chart that shows the trend in the 7-day moving average of this Bitcoin ratio over the history of the crypto:

The 7-day MA value of the metric seems to have been quite low in recent days | Source: Glassnode's The Week Onchain - Minggu 49, 2022

Sakumaha anjeun tiasa tingali dina grafik di luhur, nu Bitcoin realized profit/loss ratio has plunged deep below a value of 1 following the FTX kacilakaan.

When the indicator has values in this zone (that is, when it’s less than 1), it means BTC investors are realizing a higher amount of loss than profit right now.

In the latest plunge, the metric not only dropped to pretty low values, it in fact recorded a new all-time low. This bottom level corresponded to the loss realization being 14 times more than profit realization.

From the chart, it’s apparent that deep lows like now have historically been observed at or near bottoms in previous bear markets, which means they have always been at the center of macro market regime shifts.

If the same trend follows this time as well, then the current Bitcoin market may also be in the middle of such a shift.

Harga BTC

Dina waktu tulisan, Bitcoinhargana floats sabudeureun $16.9k, nepi 3% dina minggu panungtungan. Dina sabulan katukang, crypto parantos kaleungitan 20% dina nilai.

Bagan di handap ieu nunjukkeun tren harga koin salami lima dinten kapengker.

Looks like the value of the crypto has been trading sideways around $17k | Source: BTCUSD dina TradingView Featured image from 愚木混株 cdd20 on Unsplash.com, charts from TradingView.com, Glassnode.com

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