Data from Glassnode reveals Bitcoin holders realized 14 times more losses than profits in recent weeks.
As per the latest weekly report from Glassnode, the realized profit/loss ratio has assumed its lowest value ever recently.
Whenever a coin sits idle on the chain and the price of Bitcoin changes, it accumulates some amount of profit or loss, depending upon the direction of the price fluctuation.
This profit or loss is called “unrealized” so as long as the coin holds still in the same wallet, but as soon as the holder moves/sells this coin, the total amount of profit/loss it was carrying is then said to be “realized.”
The realized profit and the realized loss metrics keep track of such amounts of profit and loss being harvested by investors across the BTC market.
Now, the “realized profit/loss ratio” is an indicator that measures the ratio between the current values of these two metrics.
Here is a chart that shows the trend in the 7-day moving average of this Bitcoin ratio over the history of the crypto:
The 7-day MA value of the metric seems to have been quite low in recent days Source: BTCUSD on TradingViewFeatured image from 愚木混株 cdd20 on Unsplash.com, charts from TradingView.com, Glassnode.com
Tags: bitcoinBitcoin Realized LossBitcoin Realized Profitbtcbtcusdglassnode
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