Right now about 10% of all ETH is locked in staking on the Beacon Chain, yes? What does that percentage need to be in order to meet the minimum security threshold? And how soon after the Merge is it estimated that the Chain will reach that threshold? Surely 10% isn't enough…? And sorry if the…
Read more
Data shows the net amount of losses being realized in the Bitcoin market is going down, but nonetheless remains at a high value. Bitcoin Net Realized Profit/Loss Still Has A Pretty Negative Value As per the latest weekly report from Glassnode, the net loss realization has reduced a bit recently, but the market is not near a neutral level of selling yet. The “net realized profit/loss” is an indicator that measures the net magnitude of profits or losses being realized by all investors in the Bitcoin market. The metric works by looking at the on-chain history of each coin being sold to see what price it was moved at before this. If the previous selling price of any coin was less than the current BTC price, then that particular coin has just been sold at a profit. On the other hand, if the last price was more than the latest one, then the coin has realized some amount of loss. Related Reading: Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross When the net realized profit/loss has values greater than zero, it means the overall market is selling at a net profit right now. While if it has a negative value, it implies holders as a whole are realizing some loss at the moment. Now, here is a chart that shows the trend in this Bitcoin indicator as a percentage of the market cap: The 90-day moving average value of the metric seems to have been negative in recent days | Source: Glassnode’s The Week Onchain – Week 34, 2022 As you can see in the above graph, the Bitcoin net realized profit/loss has had a deeply negative value during the last few weeks. Historically, the last bottom phase of a bear market has been marked by a steady decline in the amount of losses being reaped, with the market eventually flipping into profits as a bull run takes hold. Related Reading: Another Red Weekly Close For Bitcoin, Why A Rebound Is On The Horizon Most recently, the degree of net losses being realized in the market has gone down slightly, but as of now the metric’s value is still fairly large. This could imply the crypto is not out of the bear market just yet. BTC Price At the time of writing, Bitcoin’s price floats around $21.3k, down 11% in the past week. Over the last month, the crypto has lost 5% in value. The below chart shows the trend in the price of the coin over the past five days. Looks like the value of the crypto has been moving sideways since the plunge a few days back | Source: BTCUSD on TradingView Featured image from 愚木混株 cdd20 on Unsplash.com, charts from TradingView.com, Glassnode.com
Sorry guys, I am only a lurker here, mostly busy on other subs but because I own some ETH i stay observant over here. Anyways, I thought I saw a slurry of post the other day about claiming a "free NFT" through Reddit or something… but I am totally unsure where those posts were or…
Read more
Courtesy u/GoalSavingsMan Hi all. I am an FX and equities high frequency trader, worked in some major hedge funds (Citadel/Virtu/Jump) and I have a couple of thoughts to share with you. I do not want to stir the pot but I want you to make informed trades, if you ever agree to participate in crypto…
Read more
In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean much to ethereum users and traders, what’s changing under the hood is a very big deal. You’ve Heard About The Merge, Why Is It […]
Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways.
submitted by /u/Sajin88 [link] [comments]
I have a big conflict going on in my pea sized brain. The Merge is happening (almost certainly) and in normal times only an idiot wouldn't be 100% ETH. BUT we have so many outside things going on (or off in most cases); Ukraine, China property crash, Inflation, and general worldwide recession perhaps worse than…
Read more
US Congressman Tom Emmer has submitted a letter directly to the Treasury Secretary, Yellen, demanding to justify the sanctions against Tornado Cash a few days ago. He also notes that decentralized technology will be a new challenge for regulatories to sanction as "technology is neutral" and "expectation of privacy is normal". Firstly, I don't think…
Read more