Сборщик RSS-лент
Американский регулятор отказался от претензий к создателям Zcash
Число случаев криптомосхем с фейковыми личностями выросло на 1400%
Мэтт Хоуган назвал главный катализатор роста биткоина
Названа причина рекордного роста числа адресов в Эфириуме
Второй по величине банк Германии получил право на запуск криптокошелька
Американский регулятор одобрил запуск привязанного к LINK биржевого фонда
Французские власти назвали число не получивших разхрешение на работу криптокомпаний
На крипторынке формируется «зона Златовласки» — QCP Capital
Binance сохранила лидерство по объему торгов биткоином и альткоинами
Bitdeer заявила о крупнейшей в мире мощности подконтрольного майнингового оборудования
В Казахстане заблокировали более 1000 криптосервисов
В США предложили законопроект о защите разработчиков DeFi-сервисов
Пакистан хочет использовать для платежей стейблкоин Трампа
Аналитики Wintermute рассказали о главной проблеме альткоинов
Банк Таиланда будет отслеживать транзакции со стейблкоином USDT
Аналитики: Число случаев криптомошенничества выросло за два месяца
Glassnode: Вот насколько пополнили резервы в биткоинах крупные игроки
Банк JPMorgan намерен ограничить доходность стейблкоинов
Bitcoin Sell-Side Risk Ratio Falls To Lowest Since Oct ’23: What It Means
On-chain data shows the Bitcoin Sell-Side Risk Ratio has plummeted recently. Here’s what this could suggest for the cryptocurrency.
Bitcoin Sell-Side Risk Ratio Has Fallen To Multi-Year LowsIn a new post on X, Glassnode analyst Chris Beamish has talked about the latest trend in the Bitcoin Sell-Side Risk Ratio, an on-chain indicator that keeps track of the ratio between the sum of all profits and losses realized on the network and the cryptocurrency’s Realized Cap.
The Realized Cap here refers to a capitalization model that calculates BTC’s total value by assuming that the value of each coin in circulation is equal to the price at which it was last transacted on the blockchain.
The last transfer price of any token is likely to represent its cost basis, so the Realized Cap measures the sum of the cost bases of the total BTC supply. In other words, it represents the total amount of capital that the investors have put into the cryptocurrency.
As such, the Sell-Side Risk Ratio tells us about how the amount of profit and loss that Bitcoin investors are realizing compares against the total capital stored in the asset.
Now, here is the chart for the indicator shared by Beamish that shows how its value has changed over the last few years:
As displayed in the above graph, the Bitcoin Sell-Side Risk Ratio shot up to a notable value with the price crash in November. This suggests that investors took a large amount of profit and loss alongside the volatility.
Since this high, the indicator’s value has seen a steep drop and has returned to the lowest level since October 2023. The analyst has noted that this points to “subdued conviction behind distribution at current price levels.”
Typically, market volatility tends to be low when these conditions form, so it only remains to be seen how the price of the cryptocurrency will develop in the near future.
In some other news, demand from the Bitcoin retail investors has been missing recently, as CryptoQuant author IT Tech has pointed out in an X post. The indicator cited by IT Tech is the 30-day change in the Retail Investor Demand, measuring the percentage change in the volume associated with the small hands (transactions valued at less than $10,000).
As is visible in the chart, the 30-day change in the Bitcoin Retail Investor Demand has been declining inside the negative zone recently, implying that the activity of the retail entities has been going down. The indicator’s trend hasn’t changed even after the recent recovery surge.
BTC PriceAt the time of writing, Bitcoin is trading around $94,300, up more than 3% over the last 24 hours.
