BTC short-term holders take this route through bear market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

BTC [Bitcoin] short-term holders take this route through bear market

Alas, not everyone seems to be sharing the positive sentiment towards the king coin in the current market structure.that its on-chain data suggested, those holding BTC for six months or more have not been selling their holdings.

Whereas those holding onto the cryptocurrency for less than half of a year have been divesting their holdings.Source: Glassnode The monthly average of the Short-Term Net Unrealized Profit to Loss ratio is at its lowest level since November 2011. A NUPL value of -0.50 means that 50% of all value held by Short-Term Holders is currently at an unrealized loss.

Furthermore, the #1 cryptocurrency needs to showcase equal affection for both these cohorts. The lack of affection towards the short-term holders could offset BTC’s reign to reclaim its lost spot.Subscribe to get it daily in your inbox.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Traders shorting MATIC in current market should read thisPolygon has been grabbing the headlines in recent days. Its native token MATIC has been pushing towards the $1 resistance with all force. The development updates on Polygon provided a solid foundation for MATIC to flourish in. Now, on-chain metrics are suggesting that $1 could be the very next target. And upwards we go The […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Hedge funds facing headwinds in a bear marketNew York-based East53 Capital closed its doors last week after taking money-losing positions on what turned out to be troubled deals such as Elon Musk’s bid for Twitter and Rogers’s bid for Shaw To big to fail again?
Source: globeandmail - 🏆 5. / 92 Read more »