Bitcoin’s (BTC) Glassnode’s data suggests that BTC is not a popular investment at the current levels.
The analytics platform was recently featured in a post on X. pointed The monthly growth of this metric, even though it has reached the milestone cap, is only 0.9%. This implies a market that’s less risky.
A realized cap indicates the amount of capital that was invested in Bitcoin by calculating the current value at which all Bitcoins were trading. It provides an insight into the economic activity surrounding Bitcoin. The slowing of growth indicates a reduced but positive capital inflow. It could indicate that there are fewer new investors, or current holders have less interest.
Glassnode’s chart of realized profits and losses recently showed a steep decline by 40%. This indicates high levels of profit taking or loss realization. Data platform explained.
“This suggests saturation in investor activity and often precedes a consolidation phase as the market searches for a new equilibrium.”
Existing investors may be cautious due to short-term holders’ realized prices. CryptoQuant data suggested This means that the short-term real price at present is $91,600. BTC is currently consolidating below the threshold. This means short-term holders have lost money, increasing pressure to sell if they want to reduce their losses.
Bitcoin’s short term holder market to realized value is also below 1 – a value historically linked with opportunities for buying and a further indication that holders of Bitcoin are losing money.
Bitcoin hacks by US and Korean traders
The following are some of the most effective ways to reduce your risk. shows A divergence in sentiment between Bitcoin traders from the US and Korea. Coinbase Premium, which reflects US Trading, spiked recently, signaling a strong US Demand and potential Bitcoin Price Gains.
Kimchi’s premium index also fell, which indicates that retail sales in Korea are lagging.
Bitcoin’s price has reflected this particular unbalanced demand. Bitcoin’s recent price action shows a fluctuation between $85,440 and $82750. BTC’s 4-hour chart shows that the moving averages of 50, 100, and 200 days have been supporting it, while on the 1-day graph, they are placing resistance against the bullish pattern.
Related: Bitcoin online chatter flips bullish as price chops at $85K: Santiment
The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
