Sunday, November 27, 2022
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Latest Market Selloff Sees Negative BTC Balances Hit Monthly-High

  • The number of addresses for the crypto market leader, Bitcoin (BTC), that are in a loss have just reached a one-month high.
  • BTC addresses holding more than 0.1 coins have reached an all-time high (ATH), with the figure standing at 3,773,421.
  • Price movement for BTC on its daily chart has been flat over the weekend following the market-wide selloff on Thursday/Friday.

Recent data released by Glassnode shows that the number of addresses for the crypto market leader, Bitcoin (BTC), that are in a loss have just reached a one-month high.

The data shows that the number of BTC addresses in loss (7d MA) reached 17,291,259.44. It also shows that the previous one-month high of 17,276,652.44 was observed on 27 July 2022.

BTC number of addresses in oss (Source: Glassnode)

While the number of BTC addresses that are in a loss have reached a one-month high, the number of BTC addresses holding more than 0.1 coins have reached an all-time high (ATH), with the figure standing at 3,773,421.

BTC number of addresses holding 0.1 + coins (Source: Glassnode)

According to CoinMarketCap, BTC is currently trading hands at $21,116.60 after reaching a high of $21,668.85 over the last day. This means that BTC is currently 0.64% in the red and down over 12% over the last seven days.

The 24 hour trading volume for BTC is also currently down about 1.12% and now stands at $24,111,906,231. In terms of market cap, BTC stands at $405,020,607,816.

Bitcoin / TetherUS 1D (Source: CoinMarketCap)

Price movement for BTC on its daily chart has been flat over the weekend following the market-wide selloff  on Thursday/Friday. However, it looks as though the price of BTC could pick up in the coming days as there is bullish divergence present on the daily chart.

At the moment, there is no confirmation of a bullish move as the MACD indicator is bearish and the RSI is in oversold territory.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • The number of addresses for the crypto market leader, Bitcoin (BTC), that are in a loss have just reached a one-month high.
  • BTC addresses holding more than 0.1 coins have reached an all-time high (ATH), with the figure standing at 3,773,421.
  • Price movement for BTC on its daily chart has been flat over the weekend following the market-wide selloff on Thursday/Friday.

Recent data released by Glassnode shows that the number of addresses for the crypto market leader, Bitcoin (BTC), that are in a loss have just reached a one-month high.

The data shows that the number of BTC addresses in loss (7d MA) reached 17,291,259.44. It also shows that the previous one-month high of 17,276,652.44 was observed on 27 July 2022.

BTC number of addresses in oss (Source: Glassnode)

While the number of BTC addresses that are in a loss have reached a one-month high, the number of BTC addresses holding more than 0.1 coins have reached an all-time high (ATH), with the figure standing at 3,773,421.

BTC number of addresses holding 0.1 + coins (Source: Glassnode)

According to CoinMarketCap, BTC is currently trading hands at $21,116.60 after reaching a high of $21,668.85 over the last day. This means that BTC is currently 0.64% in the red and down over 12% over the last seven days.

The 24 hour trading volume for BTC is also currently down about 1.12% and now stands at $24,111,906,231. In terms of market cap, BTC stands at $405,020,607,816.

Bitcoin / TetherUS 1D (Source: CoinMarketCap)

Price movement for BTC on its daily chart has been flat over the weekend following the market-wide selloff  on Thursday/Friday. However, it looks as though the price of BTC could pick up in the coming days as there is bullish divergence present on the daily chart.

At the moment, there is no confirmation of a bullish move as the MACD indicator is bearish and the RSI is in oversold territory.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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