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Bitcoin Below Key Levels Amid Fed Uncertainty and Long-Term Holder Capitulation
En resumen
- Bitcoin struggles below key on-chain metrics like the True Market Mean ($76.6K) and short-term holder cost basis ($72.2K).
- Long-term holders are realizing significant losses, with daily realized value from these sales peaking near $280M.
- While ETF net flows have improved, they remain negative, and trading volumes are substantially below prior peaks.
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Tamaño de fuente
Bitcoin struggles below key on-chain metrics like the True Market Mean ($76.6K) and short-term holder cost basis ($72.2K). Long-term holders are realizing significant losses, with daily realized value from these sales peaking near $280M. While ETF net flows have improved, they remain negative, and trading volumes are substantially below prior peaks. The Fed's minutes suggest a cautious stance on inflation, leaving room for potential policy firming, which adds to Bitcoin's vulnerability.
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This article was originally published by CryptoSlate.
