• Latest
  • Trending

Bitcoin Long-Term Holders Start Capitulating Amid Panic

May 10, 2022

Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%

May 21, 2022

ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

May 21, 2022

Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

May 21, 2022

Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT

May 21, 2022

Bitmex’s Hayes Avoids Imprisonment, Gets 2 years Probation, 6 Months House Arrest For Violating the US Bank Secrecy Act

May 21, 2022

Here’s Why Bitcoin (BTC) Could Be In for Another 50% Correction Under $15,000

May 21, 2022

Key Metrics Show Surprising Insights

May 21, 2022

PlanB Says Bear Market Almost Over, Bitcoin (BTC) In Buying Range

May 21, 2022

MicroStrategy Will Not Dump Any Of Its Bitcoin, CFO Reveals

May 20, 2022

First a Hum and Then a Bang –Niagara Falls Residents Forced to Reckon With Crypto Mining

May 20, 2022

Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

May 20, 2022

CoinGecko Co-Founder: The Next 12 – 18 Months Will be Challenging in the Crypto Markets as the Fed Increases Interest Rates

May 20, 2022
Retail
Saturday, May 21, 2022
  • Home
  • Learn About Crypto

    VC Investment In Crypto Skyrockets, Crypto Startups Raised $12 Billion In Q1 2022

    The Rise Of Subscription-Based Exchanges And Truly Zero-Fee Trading

    Peeling Away The Blockchain Infrastructure Layers

    Why Web3 Is All About Community

    Stacks Unleashes The True Power Of Bitcoin With Its Layer-1 Scaling Solution

    Where (And How) To Buy NFTs In 2022

    Why Major Companies Are Dabbling Into Stablecoins?

    AI Computing Network Morphware Gets Support From Harmony

    The Newcomers Guide To Finding Crypto’s Next Big Token

  • Bitcoin

    Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%

    ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

    Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

    Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT

    Bitmex’s Hayes Avoids Imprisonment, Gets 2 years Probation, 6 Months House Arrest For Violating the US Bank Secrecy Act

    Here’s Why Bitcoin (BTC) Could Be In for Another 50% Correction Under $15,000

    Key Metrics Show Surprising Insights

    PlanB Says Bear Market Almost Over, Bitcoin (BTC) In Buying Range

    MicroStrategy Will Not Dump Any Of Its Bitcoin, CFO Reveals

  • Ethereum

    Ethereum [ETH] attempting to sustain itself over $2k level thanks to…

    Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support

    What these data points tell us about where Ethereum is heading

    Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation

    Ethereum: How investors can hope to save $125B of ETH

    Ethereum finds a local bottom but these levels can save your portfolio

    This Analyst Believes Ethereum May Lose 80% Of Its Value

    Ethereum: Will ‘almost into the opportunity zone’ be enough for ETH

    Ethereum Hashrate Breaks All-Time High, Will Price Follow?

  • NFT

    New Web3 Wallet With NFT Support Hypes Robinhood; FTX Chief Now A Major Part Of It

    Solana (SOL) NFT Trades Moon Amid Crypto Crash

    BAYC Votes For “Ape Drops” NFT Marketplace; What’s Next?

    CZ Reveals Why He Shutdown LUNA And UST Trading On Binance

    Why Facebook’s Former Crypto Head Is Starting His Own Crypto Startup?

    Crypto NFT Platform Sorare Partners With Major League Baseball (MLB) Sorare Offers NFT gaming In Major League Baseball

    BAYC Inspired NFT Brand Is All Set For Its Launch Into Web3

    English Football Club Arsenal Enters NFT Craze

    Belgian Museum Tokenizes Million-Euro Masterpiece to Allow its Fractional Ownership

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    First a Hum and Then a Bang –Niagara Falls Residents Forced to Reckon With Crypto Mining

    3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

    Thousands of Bit Digital miners go offline after explosion, fire at NY facility

    How To Mine Cryptocurrency In 2022

    How do you maximize Bitcoin mining profitability? TAAL CEO Richard Baker explains

    Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

    New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty

    Mining-Rig Maker Canaan Q1 Revenue More Than Triples

    Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Bitcoin Long-Term Holders Start Capitulating Amid Panic

May 10, 2022
in Bitcoin
0 0
0

YOU MAY ALSO LIKE

Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%

ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

On-chain knowledge suggests Bitcoin long-term holders have began to capitulate lately because the sharp worth drop causes panic available in the market.

Bitcoin CDD Influx Indicator Jumps Up, Exhibiting Lengthy-Time period Holders Have Been Promoting

As identified by a CryptoQuant post, the current worth drop has pushed long-term holders in direction of promoting their BTC.

“Coin days” are the variety of days a Bitcoin has remained dormant for. An instance: if 1 BTC doesn’t transfer for five days, it accumulates 5 coin days.

When such a coin could be transferred or moved, its coin days could be “destroyed” because the quantity will reset again to zero.

Associated Studying | Bitcoin Slips Under $33k As Alternate Inflows Attain Highest Worth Since July 2021

The “coin days destroyed” (CDD) metric naturally measures what number of of those coin days are being destroyed in the complete market at any given time.

A modification of this indicator, referred to as the “Bitcoin alternate influx CDD,” tells us about solely these coin days that had been destroyed by a switch to exchanges.

A excessive worth of the influx CDD usually means that long-term holders (who accumulate numerous coin days) are shifting their cash to exchanges.

Traders normally switch their Bitcoin to exchanges for promoting functions, so LTHs transferring numerous their cash might be bearish for the worth of the crypto.

Now, here’s a chart that reveals the pattern within the BTC influx CDD over the previous month:

Bitcoin Exchange Inflow: Coin Days Destroyed

The worth of the indicator appears to have spiked up lately | Supply: CryptoQuant

As you may see within the above graph, the Bitcoin alternate influx CDD has noticed some excessive values over the previous couple of days.

This reveals that long-term holders have been promoting amid the current panic available in the market as a result of worth drop from $38k to under $30k.

Associated Studying | Terra Beats Tesla As Second-Largest Company Bitcoin Holder After $1.5B Buy

The particularly massive spikes within the final two days recommend LTHs could have began to undergo a section of capitulation.

Since LTHs normally make up the Bitcoin cohort that’s the least more likely to promote, capitulation from them is a damaging signal for the worth of the coin.

BTC Worth

On the time of writing, Bitcoin’s worth floats round $31.6k, down 18% within the final seven days. Over the previous month, the crypto has misplaced 26% in worth.

The under chart reveals the pattern within the worth of the coin over the past 5 days.

Bitcoin Price Chart

Seems like the worth of BTC has noticed a plunge prior to now few days | Supply: BTCUSD on TradingView

Bitcoin’s drop has continued at the moment because the crypto briefly touched under $30k for the primary time since July of final yr, earlier than rebounding again to the present degree.

Featured picture from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Source link

Tags: BitcoinCapitulatingHoldersLongTermPanicStart
ShareTweetPin

Leave a Reply Cancel reply

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

Search

No Result
View All Result

Recent News

Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%

May 21, 2022

ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

May 21, 2022

Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

May 21, 2022

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%
  • ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth
  • Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%