Bitcoin (BTC) has reached a new all -time high with a market cap of $ 87.2 billion, but GlassNode’s data reflects the lack of enthusiasm for BTC’s current price level.
In the recent X post, the analysis platform despite the realized CAP milestones, Metric’s monthly growth rate dropped to 0.9%in a month, suggesting risk feelings in the market.
The realized CAP measures the total value of all Bitcoin at the last price and reflects the actual capital and provides insight into the economic activity of Bitcoin. The slowing growth rate is positive, but it suggests that there is little activity under the new investor of the current holder, emphasizing the reduction of capital inflow.
In addition, the realized profit and loss chart of GlassNode has recently declined a rapid decrease of 40%, which can be seen in high profits or losses. The data platform explained.
“This suggests the saturation of investor activities and often prioritizes the integration stage as the market searches for new equilibrium.”
Although the new investor continued to maintain a side job, existing investors will adopt a cautious approach due to the realization price of short -term holders. According to Cryptoquant’s data, the current short -term realization price is $ 91,600. If the BTC is integrated under the current threshold, it means that the short -term holder is underwater, so if you sell to reduce losses, you can increase the sales pressure.
Similarly, Bitcoin’s short -term owner market value has maintained less than 1 market value for realization, and there is evidence that short -term holders have been lost.
Related: Bitcoin US vs. offshore exchange rate is flashing.
Bitcoin cutting between the US and Korean merchants
Data shows the emotions between the US and Korea’s bitcoin traders. The Coinbase Premium, which reflects US transactions, has recently surged and signals US demand and potential Bitcoin prices.
On the contrary, the Kimchi Premium Index indicates that the retail participation among Korean infrastructure is delayed due to falling during calibration.
This special demand is reflected in Bitcoin’s recent price measures. The chart shows that since April 11, the price of Bitcoin vibrated between $ 85,440 and $ 82,750. In the four -hour chart, the BTC maintained the support of 50, 100 and 200 days, but on the first day, this indicator is resisting the stronger structure.
Related: Bitcoin Online Chatter
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.