#realizedloss
realizedloss
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Selling pressure is cooling off — that's the most notable signal from this week's on-chain data.
According to Glassnode, Bitcoin's realized loss has dropped 46% from the recent peak, while buying liquidity is on the rise. This means the weak hands have exited the game, and the buying power is strengthening around the current price levels.
This often sets the stage for a recovery bounce, but for seasoned traders, confirmation is key. Breaking above $70k with supporting volume will open up the $72k zone. Conversely, losing the $65k support could pull the price back to retest $60k.
The data is favoring the bulls, but the market still needs more momentum from ETF capital flows. I'll be keeping a close eye on order depth and volume in the upcoming sessions.
Risk management remains a priority. Do your own research.
#BTC #OnChain #RealizedLoss #Crypto
According to Glassnode, Bitcoin's realized loss has dropped 46% from the recent peak, while buying liquidity is on the rise. This means the weak hands have exited the game, and the buying power is strengthening around the current price levels.
This often sets the stage for a recovery bounce, but for seasoned traders, confirmation is key. Breaking above $70k with supporting volume will open up the $72k zone. Conversely, losing the $65k support could pull the price back to retest $60k.
The data is favoring the bulls, but the market still needs more momentum from ETF capital flows. I'll be keeping a close eye on order depth and volume in the upcoming sessions.
Risk management remains a priority. Do your own research.
#BTC #OnChain #RealizedLoss #Crypto
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