Οι κάτοχοι βραχυπρόθεσμων Bitcoin (BTC) χάνουν τις προμήθειες τους σε μακροπρόθεσμους κατόχους λόγω πανικού, πουλώντας το PlatoBlockchain Data Intelligence. Κάθετη αναζήτηση. Ολα συμπεριλαμβάνονται.

Οι κάτοχοι βραχυπρόθεσμων Bitcoin (BTC) έχασαν τις προμήθειές τους σε μακροχρόνιους κατόχους σε πωλήσεις πανικού

Χρονική σήμανση: 18 Μαΐου 2021 7:26 π.μ.

Bitcoin has been showing weakness as per key on-chain metrics with Monday’s price crash. Market analysts chart some crucial support levels and expect BTC to remain under pressure over the next month.

On Monday, May 17, there was a bloodbath at Satoshi Street with Bitcoin (BTC) price crashing over 10% slipping under $42,500 levels. Although Bitcoin has regained partially, it continues to stay under pressure as of now. At press time, BTC is trading at $44,871 with a market cap of $840 billion. However, there’s been a clear trend observed with panic selling in Bitcoin and the overall crypto space. During Monday’s panic selling, short-term Bitcoin holders booked major losses. On the other hand, the long-term Bitcoin holders and miners continued buying the dips.

As Warren Buffett rightly says, money in the market “moves from the impatient to the patient”. The Monday Bitcoin price crash came as Elon Musk raised major speculations of Tesla selling its Bitcoin holdings. With Tesla dropping BTC payments last week, the world’s largest crypto has stayed under pressure.

On-chain data provider Glassnode has presented us with some interesting charts that show how the net miner position and the net long-term holders position continue to rise.

Besides, the number of Bitcoin addresses with non-zero addresses has also dropped significantly. As Glassnode εκθέσεις:

«Ο συνολικός αριθμός των διευθύνσεων που διαθέτουν μη μηδενικό υπόλοιπο BTC έχει επίσης υποχωρήσει κατά -2.8% από το πρόσφατο υψηλό όλων των εποχών των 38.7 εκατομμυρίων διευθύνσεων. Συνολικά 1.1 εκατομμύριο διευθύνσεις έχουν ξοδέψει όλα τα νομίσματα που κατείχαν κατά τη διάρκεια αυτής της διόρθωσης, παρέχοντας και πάλι απόδειξη ότι η πώληση πανικού βρίσκεται σε εξέλιξη».

On-chain SOPR Metrics and Bitcoin Panic Selling

The SOPR or Spent Output Ratio measures the net profit and loss position of the outstanding Bitcoins. The “short-term holder SOPR,” or STH-SOPR is denoting coins that are younger than 155 days. The STH-SOPR dropped below the key threshold of 1 as per Glassnode.

The drop of the SOPR below 1 suggested that short-term holders resolved to panic selling thereby making significant losses on their investments. As said earlier, long-term holder shave continued to accumulate during these price dips. As Glassnode data shows, the number of accumulation addresses surged during the price crash.

Market analysts, however, note that the BTC price hasn’t yet reached its bottom and expects further price crash going ahead. Evercore ISI’s Rich Ross είπε Bloomberg that the Bitcoin price is likely to down further taking support at the 200-day moving average i.e. $40,000.

Tallbacken Capital Advisors LLC Chief Executive Officer Michael Purves, also noted: “The momentum has now quite decisively shifted to the bears”. Purves further adds that $42,000 is a crucial support for Bitcoin. If it fails to hold above it, we are bracing for further losses.

Σε λέξη with Bloomberg, Wall Street veteran and Ψηφιακό Galaxy ιδρυτής Mike Novogratz stated that BTC will continue to remain under pressure at around $45,000 levels for the next six weeks. “I think we are going to consolidate for a while, four to six weeks,” he said.

Bitcoin News, Ειδήσεις κρυπτοαναφοράς, Νεα

Μπουσάν Ακόλκαρ

Ο Bhushan είναι ενθουσιώδης της FinTech και κατέχει μια καλή διάθεση στην κατανόηση των χρηματοπιστωτικών αγορών. Το ενδιαφέρον του για τα οικονομικά και τα οικονομικά προσελκύει την προσοχή του στις νέες αναδυόμενες αγορές Blockchain Technology και Cryptocurrency. Είναι συνεχώς σε μια μαθησιακή διαδικασία και διατηρεί τον εαυτό του κίνητρο μοιράζοντας τις γνώσεις του. Στον ελεύθερο χρόνο διαβάζει μυθιστορήματα μυθιστορήματος θρίλερ και μερικές φορές διερευνά τις γαστρονομικές ικανότητές του.

Source: http://feedproxy.google.com/~r/coinspeaker/~3/CjR5bajZB4s/

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