Bitcoin (BTC) races received losses of more than $ 100 million in only six weeks thanks to the sale of panic, and new research is calculated.
Data from the onchain analytics platform Cryptoquant It reveals the true extent of the last surrender by short -term holders (STHS).
Bitcoin speculators run to the director “red”
Bitcoin entities wandering in coins ranging from a month and three months, carried the burden of the brutal bull market – and many of them were not staying in the session.
Cryptoquant notes that this section of the total Sth Investor collection, which is defined as buying six months ago, is about $ 100 million in its pocket.
“This represents a significant decrease in the value of the Bitcoin that this group keeps, which is now underwater has been purchased at higher prices and get out of the losses,” the shareholder wrote on one of the “QuickTake” blog publications on March 13.
Onchained referred to the maximum market limit and a maximum of relevant entities, the current value of the BTC that they have for the last time.
“The market value (MC) of their possessions is now less than the achieved capital (RC), indicating that these bearers are losing verified losses,” the publication continues.
“This behavior contributes to increasing the pressure pressure and may lead to more declining price procedures in the short term.”
Cap Bitcoin 1-3 months Market Market, CAP certain (screenshot). Source: Cryptoquant
The accompanying graph shows a dramatic negative weekly change in the maximum scale on an unprecedented scale in several months.
Net profit/unrealized loss of the regiment (NUPLThe result, currently at -0.19, also indicates more “underwater” metal currencies more than any time during the past year.
Bitcoin 1-3 Month of Investor NUPL. Source: Cryptoquant
The BTC price withdraws a “broader, broader stage”
February coincides with the latest Bitcoin buyer recently, as BTC/USD lost up to 30 % compared to its latest levels ever in mid -January.
Related to: Bitcoin decrease 2 % with low inflation enhances the concerns of the American trade war
As CointeleGRAph mentioned, sudden corrections tend to the cost of speculative investors, with common loss sales such as fear and panic.
Meanwhile, large -sized entities, increasingly ignoring BTC price fluctuations in the short term to add exposure at about $ 80,000.
In the latest weekly report that Cointelegraph seen on March 12, Cryptoquant warned that the current correction may be more stubborn than appearing on the surface.
“Historically, the emerging market corrections tend to be short -term and followed by strong recovery, but the current indicators on the series indicate a possible structural shift that can prevent a wider declining stage,” and has been summarized.
Pulling bitcoin price by the year. Source: Cryptoquant
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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