Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market

The realized cap is the net sum of Bitcoin capital inflows and outflows since BTC’s launch.

The current realized cap is 2.6% higher than the May 2021 peak, suggesting that Bitcoin’s all-time high has retraced and all excess liquidity from bad debt and over-leveraged entities has been drained from the market.In the past, as bad debt was removed from the ecosystem, a launch pad for future bull markets was established.“The 2010-11 realized cap saw a net capital outflow equivalent to 24% of the peak. The 2014-15 realized cap experienced the lowest, yet non-trivial capital outflow of 14%.

The current balanced price range is between $12,000 and $15,500 with the current delta price concentrating between $18,700 to $22,900. Concurrent with previous bear markets, Bitcoin’s price is above the balanced price, finding support at $15,500.

. A large amount of excess liquidity has dissipated, possibly creating a firmer price floor for a sustainable BTC price recovery. The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ok then, but I only listen to chiefrafba for signals and analysis

No amount of bad news can kill Bitcoin

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.

Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin NewsBitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. climb to freefall It may be a sign of bull trend. If bitcoin starts trending, other significant cryptos like eth and some others will do the same. It is time to catch the dips. Bitcoin will definitely recover by the end of December. That's why I'm keeping a long on bitfinex open
Source: BTCTN - 🏆 531. / 51 Read more »

BTC price levels to watch as Bitcoin holds $17K into the market openBTC price has the potential to head higher still after three-week highs, Bitcoin traders hope. Hopefully, the green candle, which represents hope from the lower rate coming, lit up. Christmas is coming and you can choose anything to win as a gift! What would you choose?👇
Source: Cointelegraph - 🏆 562. / 51 Read more »