Биткойн менен камсыз кылуу азыр жоготууда COVID Crash жана 2018-жылдын төмөнкү деңгээлине окшош

On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom.

Bitcoin Supply In Loss Spikes Up Following The Latest Crash

CryptoQuantтын аналитиги белгилегендей кызмат, the BTC supply in loss has set a new record for this year following the FTX disaster.

"жоготуу менен камсыз кылуу” is an indicator that measures the total amount of Bitcoin that’s currently being held at some loss.

This metric works by looking at the on-chain history of each coin in the circulating supply to see what price it was last moved at.

If this previous price for any coin was more than the current BTC value, then that particular coin is in some unrealized loss right now, and the indicator accounts for it.

Now, here is a chart that shows the trend in the 7-day moving average Bitcoin supply in loss over the history of the crypto:

The 7-day MA value of the metric seems to have been pretty high in recent days | Source: CryptoQuant

As you can see in the above graph, the Bitcoin supply in loss has sharply risen up over the last couple of days as the price of the crypto has observed a deep катуу үн.

The current loss value is a new record for the 2022 bear market, and is also in fact the highest the indicator has been since the COVID black swan event back in 2020.

Notably, the amount of underwater supply in the market was also at similar levels back in late 2018, when the bear market of that cycle set its bottom.

If the same trend as in those previous bottoms follows now as well, then the latest high loss values may imply the market has now declined deep enough for a bottom.

However, even if the pattern does follow, it doesn’t mean pain might be over for the investors. As is apparent from the chart, in the 2018-19 bear the market moved mostly sideways after the bottom, and also formed another peak of similar loss values, before some bullish wind returned to Bitcoin.

BTC Баасы

Отчет жазылып жаткан учурда, Bitcoin баасы 16.4 миң доллардын тегерегинде калкып, акыркы аптада 18% га төмөндөдү. Акыркы бир айдын ичинде крипто 15% баасын жоготту.

Төмөнкү диаграмма акыркы беш күндүн ичинде монетанын баасынын тенденциясын көрсөтөт.

Looks like the value of the crypto has recovered a bit since the crash below $16k | Source: TradingView боюнча BTCUSD

Unsplash.com сайтында Джонатан Борбанын өзгөчөлөнгөн сүрөтү, TradingView.com, CryptoQuant.com диаграммалары