{"id":545373,"date":"2023-08-02T04:30:04","date_gmt":"2023-08-02T04:30:04","guid":{"rendered":"https:\/\/wncen.com\/?p=545373"},"modified":"2024-06-11T08:04:57","modified_gmt":"2024-06-11T08:04:57","slug":"bitcoin-addresses-in-loss-soar-to-one-month-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-addresses-in-loss-soar-to-one-month-high\/","title":{"rendered":"Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators"},"content":{"rendered":"

Bitcoin, the pioneering cryptocurrency, is currently exhibiting mixed market signals, according to the latest data from Glassnode. The analytics firm <\/span>points out<\/span><\/a> that Bitcoin addresses in loss have reached a one-month high, even as the count of addresses holding smaller balances of the coin marks a record high.\u00a0<\/span><\/p>\n

The contrasting trends paint an intriguing picture of the current state of the <\/span>Bitcoin market<\/span><\/a>, further spurring dialogues on the future trajectory of this digital asset.<\/span><\/p>\n

Related Reading: Bitcoin Price Forecast: Dark Days Ahead As $29,200 Support Fails<\/a><\/div>\n

BTC Addresses In Loss Reaches New Heights<\/span><\/h2>\n

Glassnode’s report reveals earlier today that the number of Bitcoin addresses in loss (seven-day Moving Average) has peaked at roughly 14.043 billion, marking a new one-month high. This supersedes the previous peak of 14.041 billion recorded on July 31, 2023.\u00a0<\/span><\/p>\n

Such a trend points towards a section of investors who bought <\/span>BTC<\/span><\/a>\u00a0at higher price points and are now in the red due to the recent price fluctuations.<\/span><\/p>\n

However, it’s important to note that these losses are only ‘unrealized’ and turn ‘real’ only when the Bitcoin is sold. While a high number of addresses in loss might initially signal negativity, they can also indicate potential price recovery as these addresses might be waiting for prices to bounce back.<\/span><\/p>\n

Bitcoin Addresses With Smaller Holdings On The Rise<\/span><\/h2>\n

In contrast to the increasing number of addresses in loss, Glassnode <\/span>reports<\/span><\/a> that the number of Bitcoin addresses with 0.01+ coins has attained a new all-time high (ATH) of 12.2 million. This suggests a broadening distribution of Bitcoin among retail investors, perhaps indicative of an <\/span>increasing acceptance<\/span><\/a> and adoption of the cryptocurrency.<\/span><\/p>\n

Adding another dimension to the market’s mixed signals, the number of non-zero Bitcoin addresses has also <\/span>reached<\/span><\/a> an all-time high of 47.9 million. This growth underscores the expanding base of Bitcoin holders, reflecting the coin’s widespread global adoption.<\/span><\/p>\n

Related Reading: Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt?<\/a><\/div>\n

While these trends unravel, <\/span>BTC\u2019s price<\/span><\/a> has found itself in a rebound after a decline of nearly 5% in the past month. Particularly, the asset has seen a slight increase of 0.2% in the past 24 hours bringing its current price to <\/span>trade at $29,375<\/span>\u00a0after trading below the $29,000 mark earlier today.\u00a0<\/span><\/p>\n

\"Bitcoin
Bitcoin (BTC)\u2019s price is moving sideways on the 4-hour chart. Source: BTC\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n

BTC’s market capitalization has also recorded more than $6 billion in loss in just the past week. The asset market cap has plunged from a high of $575 billion earlier last week to a current cap of $568 billion.<\/span><\/p>\n

Interestingly, Bitcoin’s trading volume has traced quite a contrasting path over the same period. Instead of following the trend of the recent falling BTC price, trading volume has been on a slight uptrend.<\/span><\/p>\n

Last week, the trading volume was stuck at $10 billion. However, in stark contrast to the price trend, this volume experienced a surge, peaking at $13 billion in just the past 24 hours. This suggests a heightened market activity, despite the dwindling Bitcoin price.<\/span><\/p>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin, the pioneering cryptocurrency, is currently exhibiting mixed market signals, according to the latest data from Glassnode. The analytics firm points out that Bitcoin addresses in loss have reached a one-month high, even as the count of addresses holding smaller balances of the coin marks a record high.\u00a0 The contrasting trends paint an intriguing picture of the current state of the Bitcoin market, further spurring dialogues on the future trajectory of this digital asset. Related Reading: Bitcoin Price Forecast: Dark Days Ahead As $29,200 Support Fails BTC Addresses In Loss Reaches New Heights Glassnode’s report reveals earlier today that the number of Bitcoin addresses in loss (seven-day Moving Average) has peaked at roughly 14.043 billion, marking a new one-month high. This supersedes the previous peak of 14.041 billion recorded on July 31, 2023.\u00a0 Such a trend points towards a section of investors who bought BTC\u00a0at higher price points and are now in the red due to the recent price fluctuations. However, it’s important to note that these losses are only ‘unrealized’ and turn ‘real’ only when the Bitcoin is sold. While a high number of addresses in loss might initially signal negativity, they can also indicate potential price recovery as these addresses might be waiting for prices to bounce back. Bitcoin Addresses With Smaller Holdings On The Rise In contrast to the increasing number of addresses in loss, Glassnode reports that the number of Bitcoin addresses with 0.01+ coins has attained a new all-time high (ATH) of 12.2 million. This suggests a broadening distribution of Bitcoin among retail investors, perhaps indicative of an increasing acceptance and adoption of the cryptocurrency. Adding another dimension to the market’s mixed signals, the number of non-zero Bitcoin addresses has also reached an all-time high of 47.9 million. This growth underscores the expanding base of Bitcoin holders, reflecting the coin’s widespread global adoption. Related Reading: Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt? While these trends unravel, BTC\u2019s price has found itself in a rebound after a decline of nearly 5% in the past month. Particularly, the asset has seen a slight increase of 0.2% in the past 24 hours bringing its current price to trade at $29,375\u00a0after trading below the $29,000 mark earlier today.\u00a0 BTC’s market capitalization has also recorded more than $6 billion in loss in just the past week. The asset market cap has plunged from a high of $575 billion earlier last week to a current cap of $568 billion. Interestingly, Bitcoin’s trading volume has traced quite a contrasting path over the same period. Instead of following the trend of the recent falling BTC price, trading volume has been on a slight uptrend. Last week, the trading volume was stuck at $10 billion. However, in stark contrast to the price trend, this volume experienced a surge, peaking at $13 billion in just the past 24 hours. This suggests a heightened market activity, despite the dwindling Bitcoin price. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":538164,"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":[428,1119,1144,6664,61309],"class_list":["post-545373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-glassnode"],"acf":[],"yoast_head":"\nBitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators<\/title>\n<meta name=\"description\" content=\"Bitcoin, the pioneering cryptocurrency, is currently exhibiting mixed market signals, according to the latest data from Glassnode...\" \/>\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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These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators","url":"http:\/\/wncen.com\/news\/bitcoin-addresses-in-loss-soar-to-one-month-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-addresses-in-loss-soar-to-one-month-high\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","glassnode"],"dateCreated":"2023-08-02T04:30:04Z","datePublished":"2023-08-02T04:30:04Z","dateModified":"2024-06-11T08:04:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-addresses-in-loss-soar-to-one-month-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-addresses-in-loss-soar-to-one-month-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"glassnode\"],\"dateCreated\":\"2023-08-02T04:30:04Z\",\"datePublished\":\"2023-08-02T04:30:04Z\",\"dateModified\":\"2024-06-11T08:04:57Z\"}<\/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\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545373","targetHints":{"allow":["GET"]}}],"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\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=545373"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/538164"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=545373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=545373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=545373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}