MENU

Coins

Exchanges

Bitcoin (BTC)
Bitcoin
$ 121,490.14 3,170.64 (% 2.68)
Ethereum (ETH)
Ethereum
$ 4,267.21 57.01 (% 1.35)
XRP (XRP)
XRP
$ 3.240561 0.031849 (% 0.99)
Binance Coin (BNB)
Binance Coin
$ 811.28 7.36 (% 0.92)
Cardano (ADA)
Cardano
$ 0.809052 0.008613 (% 1.08)
Litecoin (LTC)
Litecoin
$ 123.17 2.60 (% 2.16)
Tether (USDT)
Tether
$ 1.00 0 (% -0.02)
TRON
TRON
$ 0.340792 0.001399 (% 0.41)
Stellar (XLM)
Stellar
$ 0.44750 0.00637 (% 1.44)
Bitcoin Cash (BCH)
Bitcoin Cash
$ 572.92 8.74 (% 1.55)
Ethereum Classic (ETC)
Ethereum Classic
$ 22.939687 -0.107765 (% -0.47)
Cosmos (ATOM)
Cosmos
$ 4.63 -0.02 (% -0.37)
Holo (HOLO)
Holo
$ 0.003539 0.000008 (% 0.23)
Tezos (XTZ)
Tezos
$ 0.871505 -0.007490 (% -0.85)
NEO (NEO)
NEO
$ 6.46 0 (% -0.03)
Basic Attention Token (BAT)
Basic Attention Token
$ 0.156269 -0.001384 (% -0.88)
Dash (DASH)
Dash
$ 23.42 0.70 (% 3.08)
EOS (EOS)
EOS
$ 0.58 0 (% 0.57)

Bitcoin Short-Term Holders Dumping BTC at Loss: Glassnode

Last update 01.06.2021 13:40

Bitcoin loses another $1,000 as short-term holders keep getting rid of their BTC, a report says

Bitcoin Short-Term Holders Dumping BTC at Loss: Glassnode

Recent data provided by Glassnode shows that Bitcoin short-term holders have been dumping their BTC at a loss over the past two weeks.
 
The STH-SOPR indicator on a Glassnode chart has dropped below one. This metric deals with spent outputs that are younger than 155 days, so this is a valid indicator to analyze patterns in short-term investors' actions.

The flagship cryptocurrency, Bitcoin, has been declining since May 10, when it went south from the $58,770 zone. On May 21, BTC failed another attempt to fix above $40,000 and went under this psychological level of support.On May 23, it reached a low of $32,830 and, at press time, it is changing hands at $36,184, as per data provided by CoinMarketCap.

As the short-term holder sell-off continues, Bitcoin lost around $1,000 earlier today, dropping from the $37,415 level.

 

 

 

Source : u.today

Related News
Bitcoin ETFs Sucked Up 2 Months of BTC Mining Supply In First Week Of June Bitcoin ETFs Sucked Up 2 Months of BTC Mining Supply In First Week Of June
Arbitrum To Distribute $215M In ARB Tokens For Gaming Innovation Arbitrum To Distribute $215M In ARB Tokens For Gaming Innovation
Orbit Chain Hacker Moves $48M To Tornado Cash After Months Of ‘Silence’ Orbit Chain Hacker Moves $48M To Tornado Cash After Months Of ‘Silence’
DePIN Protocol Io.net CEO Departs 2 Days Before Token Launch DePIN Protocol Io.net CEO Departs 2 Days Before Token Launch
Boomers Hold The Key To Wealth, Even In Cryptocurrency Boomers Hold The Key To Wealth, Even In Cryptocurrency
China’s Largest Payments App Debuts AI Feature That Checks If You’re Balding China’s Largest Payments App Debuts AI Feature That Checks If You’re Balding
BNB, TON, FIL, And INJ Can Go Much Higher If Bitcoin Price Flips $69K BNB, TON, FIL, And INJ Can Go Much Higher If Bitcoin Price Flips $69K
Crypto Hiring: Firms Add TradFi Veterans To Executive Ranks Crypto Hiring: Firms Add TradFi Veterans To Executive Ranks
DeFi Trader Reveals Insiders’ List Of Top Meme Coins DeFi Trader Reveals Insiders’ List Of Top Meme Coins
Polkadot Makes Significant Strides Into Real-World Asset Tokenization Polkadot Makes Significant Strides Into Real-World Asset Tokenization
All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 2.68 $121,490.14 $24.0B
Ethereum (ETH) 1.35 $4,267.21 $16.4B
Solana (SOL) 1.31 $182.766927 $4.2B
XRP (XRP) 0.99 $3.240561 $3.6B
USD Coin (USDC) -0.01 $0.999812 $3.3B
Dogecoin (DOGE) -0.40 $0.232975 $1.7B
Chainlink (LINK) -0.72 $21.88 $932.7M
Binance Coin (BNB) 0.92 $811.28 $858.9M
Litecoin (LTC) 2.16 $123.17 $710.2M
Cardano (ADA) 1.08 $0.809052 $642.0M
All Data