3 δείκτες στην αλυσίδα δείχνουν ότι η τιμή πώλησης του Bitcoin χάνει ατμό

Bitcoin has entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000, but it failed to log a clear bullish breakout above this resistance level, and at the time of writing, the price remains pinned below $40,000.

The latest price action in the Bitcoin (BTC) market has been, at best, choppy, with traders showing no clear indication of their short-term bias. Some analysts have προβλεπόμενη that if the BTC/USD price does not break above $40,000, it may very well fall to as low as $20,000 in the coming days.

Είναι ενδιαφέρον ότι μια χούφτα ενδεικτικών δεικτών διηγείται μια διαφορετική ιστορία. Ένα από τα πιο ενδιαφέροντα θέματα που διατηρούν ανέπαφο την ανοδική μεροληψία του Bitcoin είναι η παρακολούθηση μακροχρόνιων κατόχων και διευθύνσεων συσσώρευσης στοίβαγμα περισσότερων BTC κατά την πρόσφατη πτώση των τιμών.

Furthermore, a metric known as the “Bitcoin Entity-Adjusted SOPR” (spent output profit ratio) shows that the market is no longer selling Bitcoin at a loss on aggregate.

Meanwhile, on-chain data shows that exchanges saw a decline in their reserves, a signal that traders have been withdrawing their digital assets to cold wallets or depositing them into decentralized finance (DeFi) liquidity pools for more lucrative returns.

While the short-term perspective may be tilted toward bears, the following three on-chain indicators hint that Bitcoin’s price could be in the process of bottoming out.

Bitcoin: Συγκροτήματα ηλικίας εξόδου

The correction in Bitcoin’s price resulted in three kinds of reactions in the spot market. The first involved panic-selling by short-term traders who sold Bitcoin to minimize their losses, probably because they bought the cryptocurrency near its top. 

The second reaction involved HODLERs who decided to hold on to their exiting Bitcoin supply. They showed a long-term conviction in Bitcoin’s bullish bias against υποστηρικτικές μακροοικονομικές αρχές — such as ultra-low interest rates, poor yields on government bonds, inflation fears and a declining U.S. dollar — that made hedging assets like Bitcoin look attractive to HODL.

Ο καλύτερος τρόπος για να χτίσετε πλούτο #Bitcoin είναι βαρετό. 2 γρήγορα, γρήγορα, απλά, βήματα:

1. Αγορά
2. Hodl

Είναι πραγματικά τόσο απλό.

- Paul McNeal # BTC100K ️‍ (@_CryptoCurator) 28 Μαΐου 2021

The third reaction was a mix of HODLers and accumulators, with traders utilizing the Bitcoin price dip to buy more of the cryptocurrency at a “discount.”

Various on-chain indicators show a huge contrast between the Bitcoin reserves held by short-term holders and long-term holders during the price crash.

For example, the “Bitcoin: Spent Output Age Bands” chart below saw a greater amount of selling last week coming from coins that were between one day and one week old. These coins kept moving in and out of the market, accurately reflecting the state of higher price volatility in the market last week.

Meanwhile, coins that remained unspent for one to three months and three to six months also changed addresses in the wake of the recent price crash.

Another Glassnode metric dubbed “Bitcoin: Total Supply Held By Long-Term Holders” shows that long-term holders — entities that hold Bitcoin for more than six months — became the largest beneficiaries of the tokens sold by the short-term holders.

In a weekly note to clients, Άντονι Πλακιάνο, co-founder of Morgan Creek Digital and founder of Pomp Investments, said:

"Οι μακροπρόθεσμοι κάτοχοι προσθέτουν στις θέσεις τους, οι βραχυπρόθεσμοι κάτοχοι πωλούν, ορισμένες οντότητες στη βραχυπρόθεσμη κοόρτη έχουν πλέον φτάσει το όριο των 155 ημερών για αυτήν τη μέτρηση και τώρα βρίσκονται στη μακροπρόθεσμη κοόρτη." 

This divergence pointed to long-term stability in Bitcoin’s price as more and more serious holders took positions against the ongoing macroeconomic crisis.

Το υπόλοιπο του Bitcoin στα χρηματιστήρια μειώνεται

Τα καθαρά αποθεματικά Bitcoin που διατηρούνται από τα χρηματιστήρια κρυπτογράφησης έχουν επίσης μειώθηκε τις τελευταίες επτά ημέρες, δείχνοντας ότι όλο και λιγότεροι έμποροι θέλουν τώρα να πουλήσουν τις συμμετοχές τους στο Bitcoin.

The metric points to a typical trading behavior. Traders only deposit Bitcoin to their exchange wallets when they want to either sell it for fiat or trade it for other digital assets. As a result, the BTC reserves on trading platforms rise.

Conversely, a higher degree of BTC withdrawals reflects traders’ decision to hold the cryptocurrency. It means that Bitcoin will not face immediate sell-off pressure in the spot market, which is what the latest Glassnode readings show.

Αύξηση διευθύνσεων και υπολοίπων Bitcoin

The total number of accumulation addresses and the balance within these wallets are rising. An accumulation address is the one that has received at least two BTC transactions but has never moved the assets out of the address.

In the last seven days, the number of these accumulation addresses has climbed, adding 7,430 new wallets to the list.

Another metric dubbed “Bitcoin: Supply Held by Entities with Balance 0.01 – 0.1” shows that new users entered the Bitcoin network during the price dip. Additionally, the supply held by addresses that have between 0.001 BTC and 1 BTC in them increased in tandem, showing steady growth in retail interest.

Πηγή: https://cointelegraph.com/news/3-on-chain-indicators-suggest-the-bitcoin-price-sell-off-is-losing-steam