बिटकॉइन (बीटीसी) के अल्पकालिक धारक प्लेटोब्लॉकचेन डेटा इंटेलिजेंस को बेचने की घबराहट में दीर्घकालिक धारकों को अपनी आपूर्ति खो देते हैं। लंबवत खोज. ऐ.

बिटकॉइन (BTC) अल्पकालिक धारकों ने घबराहट में बेचने के कारण दीर्घकालिक धारकों को अपनी आपूर्ति खो दी

समय टिकट: 18 मई, 2021 7:26 पूर्वाह्न

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 वॉरेन बफेट rightly says, money in the market “moves from the impatient to the patient”. The Monday Bitcoin price crash came as एलोन मस्क 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 रिपोर्टों:

“गैर-शून्य बीटीसी बैलेंस रखने वाले पतों की कुल संख्या भी हाल के उच्चतम 2.8M पतों से -38.7% कम हो गई है। इस सुधार के दौरान कुल 1.1 मिलियन पतों ने अपने पास मौजूद सभी सिक्कों को खर्च कर दिया है, जो फिर से सबूत देता है कि वर्तमान में घबराहट भरी बिक्री चल रही है।

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 बोला था 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.

में शब्द with Bloomberg, Wall Street veteran and गैलेक्सी डिजिटल संस्थापक माइक नोवोग्रेट्स 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 समाचार, क्रिप्टोक्यूरेंसी समाचार, समाचार

भूषण अकोलकर

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

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