• About
  • Contact Us
Wednesday, August 10, 2022
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Cryptocurrency News

Bitcoin’s On-Chain Metrics Hit Records in Many Areas

Crptoz by Crptoz
July 5, 2022
in Cryptocurrency News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Chainlink Price Above $8, Can It Go Past Its Immediate Resistance?

Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely


In times of misunderstanding, fear and greed in the crypto market, it is important to have a solid foundation for making investment decisions, and this is where data from trusted crypto analysts, whether Glassnode or Sentiment, is often featured in our reviews, comes in. . in hand.

Let’s start with the positive news from Glassnode, according to which the number of “non-zero” bitcoin wallets reached an all-time high of 42,349,855 wallets. However, the previous record was set a day earlier on July 4th, indicating a continuing trend and the massive emergence of new BTC investors. Additionally, wallets with balances above 0.01 BTC and 0.1 BTC are also on the rise, with 10,414,216 and 3,681,161 unique addresses, respectively.

I #bitcoin $BTC The number of non-zero addresses has just reached an ATH of 42,349,855

The previous ATH of 42,349,354 was seen on 04 Jul 2022

View metrics: https://t.co/VtoChZbLsa pic.twitter.com/HZasRYlB2l

— glassnode alerts (@glassnodealerts) 5 July 2022

On a less positive note, Glassnode reports that the relative unrealized loss (RUL) figure reached a three-year high of 0.498. The metric shows the total loss in USD of all current bitcoins, which were priced higher than the current price of BTC at the time of recovery. Of course, a value of 0.498 for the RUL is not a limit on a bear market; During the last major market correction in 2018, the indicator reached a value of 0.71. However, a further decline in the indicator clearly indicates the emergence of a new bullish momentum, especially when applied with the relative unrealized profit (RUP) and overall net unrealized profit/loss (NUPL) metrics.

I #bitcoin $BTC Relative unrealized loss (7D MA) is currently at 3-year high of 0.498 . has reached

View metrics: https://t.co/uYjImdqw3t pic.twitter.com/83X3Orgt1y

— glassnode alerts (@glassnodealerts) 5 July 2022

In negative news, sentiment reported today that bitcoin average profitability -45% year-on-year. This is the lowest figure since 2018. Market value to actual value (MVRV) was used to announce the diagnosis. On the one hand, this is a sad fact, but on the other hand it is a good sign for a possible entry into the market. The indicator is currently at a 2018 low, when the price of one BTC was only $3,600.

advertisement

365 days return for average #bitcoin The trader was +119% at the end of Feb, 2021. After 16 months, the same measure is -45% for the average trader. This -164% reversal is the biggest swing since December 2018. https://t.co/Z3z5lfR0Gl pic.twitter.com/Lm8YLJ2HFg

— sentiment (@santimentfeed) 5 July 2022

On-chain metrics do not absolve investors of responsibility

It is important to understand that on-chain metrics are not a panacea. The market has reached similar indicators only in the 2018 lows and may remain there for a long time, squeezing now and then and exhausting impatient investors. Nevertheless, careful use of proven indicators and careful analysis will certainly help any crypto enthusiast to minimize the risk of losses and not drowning in this fiery crypto market.


Related Posts

Cryptocurrency News

Chainlink Price Above $8, Can It Go Past Its Immediate Resistance?

August 10, 2022
Cryptocurrency News

Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely

August 9, 2022
Cryptocurrency News

Coinbase Execs Face Lawsuit From Shareholder

August 9, 2022
Cryptocurrency News

Curve Finance: Issue Found And Reverted, CRV Sees 10% Losses

August 9, 2022
Cryptocurrency News

German Exchange Nuri Files for Insolvency

August 9, 2022
Cryptocurrency News

Curve Finance Exploited in Ongoing Attack

August 9, 2022
Next Post

Bitcoin May Face Another Correction Despite “Stable” Fundamentals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

Winklevoss’ Gemini Will Lay Off 10% of its Staff Amid Crypto Winter

June 2, 2022

BattleRoyale Announces Public Sale With BATTLE Token on March 22

March 21, 2022

Taylor Swift’s Label Buys Bored Ape NFT

March 18, 2022

Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

March 24, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • Chainlink Price Above $8, Can It Go Past Its Immediate Resistance?
  • Tales From Europe: Eurozone Crisis Shows The Argument For Bitcoin
  • Ethereum [ETH] notes unprecedented hike, thanks to its…
  • Coinbase Betting Big On Staking Ahead of Ethereum Merge – Decrypt
  • Home
  • News
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.