Bitcoin bear market sees 4 million coins at a loss

2023-8-14 14:00

Quick Take

In the dynamic world of cryptocurrency, long-term holders (LTHs) of Bitcoin currently possess approximately 4 million coins that are held at a loss.

This figure becomes notably significant when viewed through the prism of cyclical market movements. This latest cycle, distinguished by its severity, witnessed a peak where 6 million Bitcoins were held at a loss by LTHs, a considerable portion of which were from the 2021 class.

Cyclically, as the bear market commences, around 4 million coins appear to be held at a loss. Interestingly, this number remains consistent even as the market recovers from its lows.

An observable pattern thus emerges, where the apex of coins held at a loss coincides with the nadir of the bear market in each cycle.

This cyclical analysis could provide critical insights for market participants, especially those with long-term holding strategies, helping them better navigate cryptocurrency investment’s tumultuous landscape and potentially mitigate losses.

Supply in loss: (Source: Glassnode)

The post Bitcoin bear market sees 4 million coins at a loss appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH AI Limit Loss (ELL) на Currencies.ru

$ 175.56 (+0.65%)
Объем 24H $0
Изменеия 24h: 7.80 %, 7d: 7.73 %
Cегодня L: $175.56 - H: $175.56
Капитализация $0 Rank 3665
Доступно / Всего 0 ELL

loss bitcoin coins market million becomes notably

Источник: cryptoslate.com

loss bitcoin → Результатов: 126


Фото:

Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses.

2018-12-5 13:00


Фото:

UBS’ Paul Donovan Claims Bitcoin Is in its Death Throes and Wants it “Buried”

In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of over 80 percent is “not healthy” for any economic asset.

2018-12-2 13:00


Фото:

New Report Finds 80% of Bitcoin Mining Running on Renewable Energy

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price dropped to lows of $3500.

2018-12-1 00:00


Bitcoin is having the worst month price-wise in 7 years. Ethos and SALT lost 99% of value in November while Factom gained a staggering 137%

With today’s slump of 7. 2%, bitcoin is heading down to record the worst month price-wise in the last 7 years. With the last day of November, bitcoin’s monthly loss has dropped to 37% which is second only to the August 2011 nosedive that saw bitcoin going down by 39% and $8.

2018-11-30 17:42


Фото:

Bitcoin Cash ‘Hash War’ May Soon End As Losses Near $12M

The total cost of the ongoing ‘hash rate war’ affecting Bitcoin Cash has topped $11. 8 million, data from Hong Kong-based cryptocurrency trading platform BitMEX shows. SV Bears Brunt Of Giant Losses Fresh research uploaded to social media November 21 reveals the true extent of the curious phenomenon, in which miners have opted to mine Bitcoin Cash’s two forks at a loss.

2018-11-23 18:00


Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible?

There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due […] The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto.

2018-11-21 23:26


Фото:

Bitcoin Hashrate Drop Sparks Rumors of $3.8K Miner ‘Turn-Off Price’

The drop in Bitcoin hashrate has sparked rumors China has turned off huge numbers of mining rigs as the process is no longer profitable. ‘More Economic To Turn Them Off’ Video and photo content which allegedly came from F2Pool owner BitFish hit western social media November 20, being uploaded by local news feed cnLedger and Primitive partner Dovey Wan.

2018-11-21 20:00


It is not a hard fork, it is a complete disintegration of the BCH altcoin.

The contentious hard fork of the Bitcoin Cash blockchain is a real soap opera – the clash and subsequent hash war is in essence a battle of egos of the leading figures of both camps. The split of BCH is also cited as the reason for the latest bitcoin price plunge, the biggest one-day loss […] The post It is not a hard fork, it is a complete disintegration of the BCH altcoin. appeared first on CaptainAltcoin.

2018-11-18 17:27


Фото:

Bitcoin Price Analysis: Will Bitcoin Bite Back?

Now that the Bitcoin Cash hard fork is complete, will Bitcoin bounce back from a $1,200 loss? Market Overview Yesterday’s 8% move from $5,188 to $5,700 was nice but does the King of Cryptocurrencies have any other cards up its sleeve? At the moment bull volume is nearly non-existent and as the weekend approaches it could taper even further so barring some positive breaking news, bitcoin (BTC) seems set to trade in the current range Read More The post Bitcoin Price Analysis: Will Bitcoin Bite Back? appeared first on Bitcoinist.com.

2018-11-17 07:00


Фото:

Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’

Cryptocurrency inventor, fund partner and advocate Max Keiser is predicting new all-time Bitcoin price highs as the stock market tumbled again this week. Bitcoin to ‘New All-Time High’ as Stock Market Slumps A drop in share prices for both Goldman Sachs and Apple has equated to an approximately 160-point loss for the Dow Jones November 12, leading Keiser to suggest the index could collapse to below the significant 10,000 barrier in future.

2018-11-13 20:00


Фото:

Gold-Backed AurumCoin Latest to Fall Victim to 51 Percent Attack

Gold-backed AurumCoin is the latest cryptocurrency project to fall victim to 51 percent attack, resulting in the loss of AUD$ 15752. 26, per a report by Finder on November 12, 2018. Hack Attack Results in Blame Game Shortly after the hack attack, AurumCoin’s twitter handle subtly sparked the blame game stating the coins were stolen from the wallet of cryptocurrency exchange.

2018-11-13 12:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What is Hedera Hashgraph? HBAR crypto explained

The Internet is a big world; every country represents a digital ledger. Most of these ledgers are blockchains but most have ‘slow economies’. Here is where the global leader Hedera Hashgraph comes into the picture. It is a distributed ledger…

Veteran traders hint at altcoin season as Bitcoin cools down

Bitcoin’s fall below the $100,000 mark shifted the investors’ focus to altcoins, veteran traders say. Bitcoin (BTC) started its bullish momentum as Donald Trump won the U.S. presidential elections last month — rising to an all-time high of $103,900 on…

Hedera hits 3-year high, monthly gains near 600%

Hedera rose to a three-year high of $0.369 on Dec. 7 gaining over 120% in the last seven days while bringing its market cap to over $12.78 billion. The recent rally extended the altcoin’s monthly gains to almost 600% making…

Hedera Hashgraph, Catizen prices soar as traders eye Vantard

Cryptocurrencies were fairly mixed on Monday as Bitcoin remained stubbornly above the important support level at $90,000. Hedera Hashgraph (HBAR) token surged to a high of $0. 1490, its highest level since April 24 and 256% above its lowest point this month.

Canary Capital files for first HBAR Spot ETF with SEC

Canary Capital has officially filed an S-1 registration with the U.S. SEC for an exchange-traded fund centered on Hedera’s HBAR token.  If approved, this would be the first HBAR (HBAR) spot ETF, allowing investors to gain exposure to the value…

Hedera skyrockets as Canary files for HBAR ETF

Hedera (HBAR) price rose sharply on Nov. 12 to hit highs near $0. 07 – the highest level since July. The Hedera token rose more than 20% in the past 24 hours to hit highs near $0. 07. This saw the cryptocurrency reach its highest price level since July and stand out among top gainers.

Hedera joins Linux Foundation, donates source code to new project

Blockchain ecosystem Hedera Hashgraph has joined the Linux Foundation, contributing its entire source code, which will be hosted as the Hiero project. Hedera Hashgraph has announced its entry as a founding “premier member” of the newly launched Linux Foundation umbrella…