Although the crypto market is as volatile as ever, data continues to pour in suggesting that prices will soon rebound. One analyst has now presented evidence that Bitcoin has dropped into a value zone that has rarely happened in its eleven year history. If correct, a short window now exists that places Bitcoin at a remarkable discount.
BITCOIN TRADERS SELLING AT A LOSS OPENS RARE OPPORTUNITY
Analyst Philip Swift has created a graph that analyzes both the present market value along with the movement of specific Bitcoins relative to their price when purchased. Known as the MVRV Z-score, it demonstrates that traders are presently selling Bitcoin at a steep discount.
Swift has tweeted:
MVRV Z-Score
Market cap has now dropped below Realized cap (the cost basis that bitcoins were purchased at).
Z-score has now dropped back into the green zone.
Such periods have been historically rare and attractive to accumulate Bitcoin.
Live chart: https://t.co/vy9q5KJVLo pic.twitter.com/RdGCVXslna
— Philip Swift (@PositiveCrypto) March 16, 2020
Simply put, Bitcoin holders are selling for far less than is usually the case. Each time this situation has emerged, Bitcoin has rebounded with a substantial positive price movement.
Others have also noticed the current trend for holders to sell at deep discounts. CoinMetrics.io has noted that the rate at which Bitcoin is being sold for a loss has now reached an eight year high:
Bitcoin SOPR dropped to 0.843 on March 12th, the lowest it’s been since February 2012.
SOPR is the ratio of price sold over the price paid, so a SOPR below 1 signals that investors are selling at a loss. pic.twitter.com/lHIeNuf5EM
— CoinMetrics.io (@coinmetrics) March 16, 2020
Various reasons exist for such a rapid sell-off. There is no shortage of FUD surrounding the turmoil in the legacy financial space. Also many crypto investors need fiat as COVID-19 related work stoppages cascade across the globe. Thus, they are liquidating a lot of their bitcoin for cash. An uptick in activity on Localbitcoins.com is further evidence of this need for quick paper money.
NEED FOR CAPITAL NOW APPARENT
The strong demand for cash due to the Corona virus creating a market environment that mimics other financial crises. There is no shortage of desire to buy crypto, yet fewer people have the capital to invest. This scenario further creates a good opportunity to pick up blockchain assets at a discount.
Given this unique situation, all commodity markets will likely experience significant price swings in the coming days and weeks. In the crypto space, there has been no shortage of attempts by whales to take advantage of the volatility, yet at the same time prudent, stable purchases remains the best strategy for most investors.
It is worth noting that blockchain development and adoption remains strong. Interest in this revolutionary technology has not abated due to the market crash. Thus, for those that have thus far been hesitant to invest in the crypto space, there may be no better time than the present to get started.
Are you stocking up on Bitcoin while it sits at historically low prices? Add your thoughts below!
Images via Shutterstock, Twitter @Coinmetrics @PositiveCrypto origin »
The cryptocurrency market is no stranger to volatility, and recent market conditions have put several major cryptocurrencies to the test. Ethereum (ETH), which had been showing promise, has struggled to hold support levels against Bitcoin (BTC) as both assets faced significant pressure during a market downturn.
The cryptocurrency market continues to face sharp declines, with its total market cap dropping to $2. 44 trillion on Tuesday—the lowest since early November. A significant factor adding to investor concerns is the recent movement of Bitcoin from Mt.
Stablecoin exchange reserves highlighted rising buying power in the market
Bitcoin's dominance chart suggested the market could favor BTC in the coming weeks
Tether [USDT] and USD Coin [USDCThe post Stablecoin dominance to fall once again? Impact on Bitcoin's market will be... appeared first on AMBCrypto.
After nine years of silence, darknet market Nucleus shifted $77.5 million in Bitcoin, sparking speculation about its wallet’s mysterious controller.
The post Ancient Dark Web Drug Market Moves Bitcoin Worth $77.5 Million appeared first on BeInCrypto.
After a $20,000 loss in its price between February 21st and 28th, Bitcoin (BTC) managed to recover yesterday, soaring beyond the $94,000 mark. Led by Bitcoin’s example, numerous altcoins also
The post Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market? appeared first on CryptoNinjas.
Bitcoin (BTC) is currently trading below key demand levels after losing the $90K mark earlier this week. The price has tagged fresh lows, and bulls have lost control as the market faces intense selling pressure.
SOL and XRP defied the prevailing market trend, attracting $8.9 million and $8.5 million, respectively.
With Bitcoin’s dominance under pressure, are we witnessing the dawn of an altcoin takeoThe post Bitcoin, Ethereum bleed as Solana, XRP gain - Is market sentiment changing? appeared first on AMBCrypto.
The cryptocurrency market remained cold on February 19, with Bitcoin (BTC) hovering around $95K. Ethereum (ETH), Solana (SOL), and XRP recorded losses ranging from 1% to 6%, sparking concerns among investors.
The market has witnessed intense liquidation activity, with the highest concentration occurring between $101,500 and $99,800.
Bitcoin’s current distribution of holders provides insights intThe post Bitcoin's market uncertainty: Key factors driving BTC's movements appeared first on AMBCrypto.
The cryptocurrency market was bullish in 2024. Bitcoin, the leading cryptocurrency by market cap, added over 140% to its value last year, outperforming other major assets, including Gold (26%) and S&P 500 (23%).
Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends.
Bitcoin ($BTC) continues to demonstrate remarkable strength, holding firm above key support levels and maintaining its bullish structure. With unrealized losses at historical lows, the market remains largely stress-free, creating an atmosphere that feels like the calm before a significant move.
Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]
Bitcoin is trading above $95,000 after a rollercoaster Monday that saw the market plunge and recover in rapid succession. The price dropped over 6%, setting a fresh low around $89,000, before staging a swift rebound that propelled it back to $96,000 within hours.
Bitcoin’s pullback to $90,000 caused quite a stir in the market. Although its recovery to above $96,000 on Jan. 14 offered some relief, many on-chain indicators revealed underlying stress in market health.
Bitcoin, Ethereum, XRP led the recent market crash following U. S. inflation fears.
Options market sentiment was cautiously optimistic ahead of Donald Trump's presidential inauguration.
Bitcoin‘s sharp drop following its surge to a new all-time high led to significant challenges for investors and traders, especially BTC’s short-term holders. However, with BTC regaining its upside momentum, the market might become favorable for institutional and retail investors in the upcoming days.
Analysts from the market intelligence company CryptoQuant note that current patterns in Bitcoin (BTC) metrics indicate possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 BTC.
The cryptocurrency market experienced a bullish rally on December 17, with Bitcoin (BTC) crossing an all-time high of $107,700. The global crypto market cap increased by 1% to reach $3. 72 trillion, while trading volume soared 34% to $211 billion, signaling heightened investor activity.
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market has seen massive market liquidations of…
The cryptocurrency market is buzzing with optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post massive gains. With a global market capitalization climbing 1% to $3.
The crypto market has soared to a $3. 4 trillion value as Bitcoin reaches new peaks. Bitcoin’s huge surge has naturally propelled most other cryptocurrencies upward as well. For example, NEAR has enjoyed a 21% price increase over the last week, sustaining robust market stability.
Bitcoin retail numbers have dropped significantly after the recent price retracement this cycle. On-chain factors show the market is still in a bull phase; however, major indices differ from previous cycles.
The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.
The cryptocurrency market experiences positive sentiments as Bitcoin nears $100K after topping $97K. Amidst the bullish trends, Bitcoin Cash (BCH) surpassed the $10 billion market cap after significant 24-hour surges.
IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.
The general cryptocurrency market has seen notable upward momentum in the past few weeks, with Bitcoin, the largest digital asset, leading the market once more toward what several seasoned crypto analysts believe to be one of the biggest bull runs ever.
Let’s face it, cryptocurrency is no longer just a buzzword—it’s here to stay. From Bitcoin to Ethereum, the market has proven that digital currencies and decentralized technologies are shaping the future.
Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels.
As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]
Institutional interest in Bitcoin ETFs remains strong, potentially stabilizing the market amid geopolitical uncertainties and economic shifts.
The post BlackRock Bitcoin ETF records $329 million net inflows despite market retreat appeared first on Crypto Briefing.
As the original digital currency, Bitcoin remains one of the most popular Cryptos to trade. Due to this popularity, its price changes frequently, often having a greater impact on the wider Crypto market.
Bitcoin's growing dominance underscores its role as a safer investment amid market volatility, potentially sidelining altcoins further.
The post Bitcoin’s dominance over altcoins grows amid market uncertainty appeared first on Crypto Briefing.
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity.
Short-term Bitcoin holders face mounting losses, potentially leading to increased market volatility and signaling a bearish trend transition.
The post Bitcoin short-term holders underwater as market pressure mounts – Glassnode appeared first on Crypto Briefing.
The crypto market has faced a notable dip lately. At publication, the market cap has fallen by 1. 30% to $2. 04 trillion, while trading volume has plummeted by 40. 36% to $36. 02 billion. Bitcoin (BTC) trades at $58,229.
Quick Take According to a recent analysis by CryptoSlate, the current Bitcoin market is behaving in a strikingly similar pattern to that of 2019. Since reaching an all-time high of approximately $73,000 in March, Bitcoin has been fluctuating mostly within the $60,000 range, reminiscent of previous periods of market consolidation.
As the cryptocurrency market faces yet another wave of volatility, both Bitcoin and Ethereum have seen their recent gains erode, leaving investors on edge. Amidst this uncertainty, many are shifting their focus to promising new ventures, with BlockDAG capturing significant attention.
The cryptocurrency market is witnessing a significant resurgence, with Bitcoin climbing back to $63. 3K. This rally began almost immediately after the near-assassination of former President Trump on Saturday, and the bullish momentum has shown no signs of slowing down.
Bitcoin shows signs of stabilization after the recent price drop, with market data indicating a potential local bottom.
The post Bitcoin bottom is in, but market news still pose threat: Bitfinex appeared first on Crypto Briefing.
The cryptocurrency market is currently facing pressure due to a steep drop in Bitcoin prices. Yet, hope is still alive. Many are awaiting the next bull run, expected to elevate the market once again.
Bitcoin's price remained over $65,000 amid a decline in retail investor activity.
Current on-chain data suggested a lack of short-term holder activity, indicating potential for future market moThe post The silent Bitcoin market: What's happening behind the scenes at $65K? appeared first on AMBCrypto.
Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down…
Bitcoin (BTC) touched its minimum bullish target of $70,100 before facing rejection. Amidst the uncertainty surrounding the upcoming release of Consumer Price Index (CPI), inflation rates, and the Federal Open Market Committee (FOMC) decision, the market is bracing for potential volatility.
Quick Take Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion. Marathon Digital Holdings leads the pack with a market cap of $5.
Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant’s community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline.
Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during…
Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams that have eroded investor confidence. Pump.fun volume dropped from $119 billion in January to $44 billion in February, the lowest…
It’s another painful day for Litecoin’s traders and investors as the price plummets by 8% daily following a huge bloodbath overnight. LTC lost momentum and now looks highly bearish on the daily chart.
To comply with European regulations, Binance has stated that it will stop allowing users in the European Economic Area (EEA) to trade pairs involving stablecoins that do not comply with MiCA—basically, non-compliant stablecoins.
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network (TON), Optimism…
ARB saw a little-to-no movement in the past week due to a serious volatility contraction. While this has caused lack of interest in the market, the price may explode massively when the volatility expands.
