Bitcoin’s (BTC) The market cap realized a new all-time high of $ 872 billion, but data from glassnode reflects the lack of enthusiasm of investors at the current BTC price levels.
In a recent x post, the platform of analytics Taught Despite the realized cap milestone, the monthly metric growth rate drops to 0.9% month in the month, indicating a market risk.
The cap realizes the total amount of all Bitcoin at the price they last moved, reflecting the actual capital invested, providing an insight into the activity of Bitcoin -economic economic. A slow growth rate features a positive but reduced capital flow, suggesting fewer new investors or less activity from current holders.
In addition, the realized glassnode chart and chart loss recently showed a sharp decline of 40%, indicating high income-extraction or loss of realization. Explained the data platform,
“It suggests saturation in the investor activity and is often preceded by a phase of integration -together as the market is looking for a new balance.”
While new investors have remained sidelined, existing investors have probably adopted a careful approach due to the realized price of short-term holders. Data from cryptoquant suggested that the current short -lived price is $ 91,600. With the current integration of BTC under the threshold, it indicates short -term water holders, which may increase the sale pressure if they sell to cut off their losses.
Similarly, the short -term value of the bitcoin market in the realized value remained below 1, a history level associated with the purchase of opportunities and further proof that short -term holders have disappeared.
Bitcoin’s chops between us and Korean entrepreneurs
Data Shut up A difference -a variety of emotions between Bitcoin entrepreneurs in the US and Korea. The Coinbase Premium, which reflects US trading, recently, has signed a strong US demand and potential those who earn bitcoin prices.
By contrast, the kimchi premium index fell during the correction, which indicated the latest interaction with retail with Korean-based businessmen.
Particularly uneven demand can be seen in the recent act of Bitcoin. The chart shows that the price of Bitcoin has been oscillated between a tight range of $ 85,440- $ 82,750 since April 11. In the 4-hour chart, the BTC maintains support from 50-day, 100-day, and 200-day moving averages, but in the 1-day chart, these indicators place a resistance to the bullish structure.
Related: The Bitcoin Online Chatter Flips Bullish as Price Chops at $ 85K: Santiment
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
