Data: Glassnode: Bitcoin remains in a state of excess realized loss, market liquidity awaits return
Show original
ChainCatcher reports that the crypto analytics firm Glassnode stated that Bitcoin's 90-day realized profit and loss ratio (90D-SMA) has remained below 1 since February 21, indicating a sustained state of excess realized losses. Historically, once this ratio falls below 1, it usually takes more than 6 months to recover. When it rebounds, market liquidity is expected to return.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$70,546.76
+0.81%
Ethereum
ETH
$2,072.54
+1.96%
Tether USDt
USDT
$1
-0.00%
BNB
BNB
$651.83
+1.68%
XRP
XRP
$1.39
+0.59%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$87.25
+1.54%
TRON
TRX
$0.2901
+1.84%
Dogecoin
DOGE
$0.09406
-0.58%
Cardano
ADA
$0.2657
+1.13%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now