{"id":517727,"date":"2023-01-27T04:50:59","date_gmt":"2023-01-27T09:50:59","guid":{"rendered":"https:\/\/wncen.com\/?p=517727"},"modified":"2024-06-11T15:37:46","modified_gmt":"2024-06-11T15:37:46","slug":"bitcoin-supply-in-loss-hits-a-9-month-low","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-supply-in-loss-hits-a-9-month-low\/","title":{"rendered":"Bitcoin Supply In Loss Hits A 9-Month Low"},"content":{"rendered":"

According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average\u00a0<\/span>stands<\/span><\/a>\u00a0at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was changing hands at the $40,000 range.<\/span><\/p>\n

Bitcoin Supply In Loss At 32%<\/span><\/h2>\n

The Bitcoin supply in loss is a metric that measures the absolute number of coins presently in the loss-making territory. This data compares the price at which the coin in consideration was last moved and the spot rate. If the price is lower than the current price, then the coin is at loss. <\/span><\/p>\n

The metric doesn\u2019t quantify the size of the loss. Instead, it states whether it is in profits or loss without giving precise figures on each coin\u2019s profitability or loss.<\/span><\/p>\n

For traders, how the supply in loss changes over time could be used to pick out price bottoms or tops. Notably, analytic platforms say investors keep tabs, using the metric to timely enter or exit the market. Historically, when the supply in loss is within the 50-60% range, Bitcoin prices<\/a> could be bottoming.<\/span><\/p>\n

Presently, as per on-chain data, the Bitcoin supply in loss stands at 32%, the lowest in nine months, and could indicate that a trend reversal is imminent.\u00a0<\/span><\/p>\n

According to an analyst, citing on-chain data from CryptoQuant, prices capitulate every time the Bitcoin supply in loss rises above 50%. Tops or peaks can be better timed by combining the supply in loss and the supply in profit lines. <\/span><\/p>\n

The supply in profit tracker uses the same principle as its counterpart, supply in loss. However, it only considers the number of coins in profit since the last time they were moved. They move in the opposite direction.<\/span><\/p>\n

Related Reading: Bitcoin Supply In Loss Reaches 50% As BTC Drops Below $20k<\/a><\/div>\n

After prices fell to 2022 lows in November 2022, the Bitcoin supply in loss decreased while those in profits increased. Considering the state of price action, when the two lines, representing supply and loss, cross each other, analysts can easily identify the point of reversals. The last time supply in loss crossed above supply in profit was in March 2020. Then, the Bitcoin prices rallied upwards from $5,000.<\/span><\/p>\n

61% Of BTC Holders Are In Profit<\/span><\/h2>\n

With rising Bitcoin prices, most coin holders are in profit. Parallel data from IntoTheBlock\u00a0<\/span>reveals<\/span><\/a>\u00a0that 61% of coin holders are in the money. Only 36% are in red, and just 3% are at break even. <\/span><\/p>\n

\"Bitcoin
Bitcoin Price on January 27| Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Over the past few trading days, BTC prices have been consolidating inside a channel, finding resistance around the $23,300 and $23,800 zone.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Short-Term Holder Profit-Taking Spikes, Will BTC Price Recover?<\/a><\/div>\n

Some traders are calling in tops. Meanwhile, sentiment data from IntoTheBlock indicates that traders are mostly neutral.\u00a0<\/span><\/p>\n

Feature image from Canva, Chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average\u00a0stands\u00a0at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was changing hands at the $40,000 range. Bitcoin Supply In Loss At 32% The Bitcoin supply in loss is a metric that measures the absolute number of coins presently in the loss-making territory. This data compares the price at which the coin in consideration was last moved and the spot rate. If the price is lower than the current price, then the coin is at loss. The metric doesn\u2019t quantify the size of the loss. Instead, it states whether it is in profits or loss without giving precise figures on each coin\u2019s profitability or loss. For traders, how the supply in loss changes over time could be used to pick out price bottoms or tops. Notably, analytic platforms say investors keep tabs, using the metric to timely enter or exit the market. Historically, when the supply in loss is within the 50-60% range, Bitcoin prices could be bottoming. Presently, as per on-chain data, the Bitcoin supply in loss stands at 32%, the lowest in nine months, and could indicate that a trend reversal is imminent.\u00a0 According to an analyst, citing on-chain data from CryptoQuant, prices capitulate every time the Bitcoin supply in loss rises above 50%. Tops or peaks can be better timed by combining the supply in loss and the supply in profit lines. The supply in profit tracker uses the same principle as its counterpart, supply in loss. However, it only considers the number of coins in profit since the last time they were moved. They move in the opposite direction. Related Reading: Bitcoin Supply In Loss Reaches 50% As BTC Drops Below $20k After prices fell to 2022 lows in November 2022, the Bitcoin supply in loss decreased while those in profits increased. Considering the state of price action, when the two lines, representing supply and loss, cross each other, analysts can easily identify the point of reversals. The last time supply in loss crossed above supply in profit was in March 2020. Then, the Bitcoin prices rallied upwards from $5,000. 61% Of BTC Holders Are In Profit With rising Bitcoin prices, most coin holders are in profit. Parallel data from IntoTheBlock\u00a0reveals\u00a0that 61% of coin holders are in the money. Only 36% are in red, and just 3% are at break even. Over the past few trading days, BTC prices have been consolidating inside a channel, finding resistance around the $23,300 and $23,800 zone.\u00a0 Related Reading: Bitcoin Short-Term Holder Profit-Taking Spikes, Will BTC Price Recover? Some traders are calling in tops. Meanwhile, sentiment data from IntoTheBlock indicates that traders are mostly neutral.\u00a0 Feature image from Canva, Chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":517728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-517727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nBitcoin Supply In Loss Hits A 9-Month Low<\/title>\n<meta name=\"description\" content=\"According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average\u00a0stands\u00a0at 32%,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Supply In Loss Hits A 9-Month Low","url":"http:\/\/wncen.com\/news\/bitcoin-supply-in-loss-hits-a-9-month-low\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-supply-in-loss-hits-a-9-month-low\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-Supply-In-Loss.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-Supply-In-Loss.jpg?fit=1380%2C780"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2023-01-27T09:50:59Z","datePublished":"2023-01-27T09:50:59Z","dateModified":"2024-06-11T15:37:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Supply In Loss Hits A 9-Month Low\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-supply-in-loss-hits-a-9-month-low\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-supply-in-loss-hits-a-9-month-low\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-Supply-In-Loss.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-Supply-In-Loss.jpg?fit=1380%2C780\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2023-01-27T09:50:59Z\",\"datePublished\":\"2023-01-27T09:50:59Z\",\"dateModified\":\"2024-06-11T15:37:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-Supply-In-Loss.jpg?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517727"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=517727"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517728"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=517727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=517727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=517727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}