{"id":513236,"date":"2022-12-21T14:00:22","date_gmt":"2022-12-21T19:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=513236"},"modified":"2024-06-11T14:33:26","modified_gmt":"2024-06-11T14:33:26","slug":"bitcoin-holders-loss-number-positive-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-holders-loss-number-positive-btc\/","title":{"rendered":"50% Of Bitcoin Holders At A Loss, Why This Number Is Positive For BTC"},"content":{"rendered":"<p><strong><span data-preserver-spaces=\"true\">Bitcoin is back to its crab-like price action as macroeconomic forces fight with new developments in the crypto industry. The number one crypto by market cap has seen one of its bloodiest years, but it maintains a positive outlook for 2023.\u00a0<\/span><\/strong><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/paxful-removes-ethereum-due-integrity\/\" target=\"_blank\" rel=\"noopener \">Breaking: One Of The Largest P2P Crypto Exchanges Removes Ethereum Due To \u2018Integrity\u2019<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">As of this writing, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. On higher timeframes, the cryptocurrency records some losses as it was rejected from the 50-Day Simple Moving Average (SMA) at around $17,800.\u00a0<\/span><\/p>\n<figure id=\"attachment_513288\" aria-describedby=\"caption-attachment-513288\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-513288 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-9.png?resize=860%2C376\" alt=\"Bitcoin BTC BTCUSDT\" width=\"860\" height=\"376\"><figcaption id=\"caption-attachment-513288\" class=\"wp-caption-text\">BTC&#8217;s price moving sideways on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/1GNYms9y\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong>BTCUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n<h2>Bitcoin Will See Better Days In 2023<\/h2>\n<p><span data-preserver-spaces=\"true\">Per a recent <a href=\"https:\/\/coinbase.bynder.com\/m\/4888c95272561d10\/original\/2023-Crypto-Market-Outlook.pdf\" target=\"_blank\" rel=\"noopener nofollow\">report<\/a> from Coinbase, Bitcoin has been resilient in the current market turmoil. Despite the U.S. Federal Reserve (Fed) hiking interest rates, a high inflation environment, and the collapse of major companies in the crypto ecosystem, BTC:\u00a0<\/span><\/p>\n<blockquote><p>(\u2026) remains one of the primary reserve currencies of the crypto economy. This became evident several times during the year when overleveraged players throughout the market \u2013 CeFi lenders, hedge funds, and venture capital (VC) funds \u2013 became forced sellers.<\/p><\/blockquote>\n<p><span data-preserver-spaces=\"true\">Bitcoin&#8217;s capacity to withstand the collapse of these companies and entities, including some of the largest BTC miners, indicates its &#8220;long-term success.&#8221; Regardless of these events, Coinbase claims that BTC continued to see adoption and traction in 2022.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin outperformed some of the world&#8217;s major currencies in the macroeconomic landscape. As seen in the chart below, the BTC price saw a better performance than the Euro (EUR) and the Japanese Yen (JPY) in 2022.\u00a0<\/span><\/p>\n<figure id=\"attachment_513286\" aria-describedby=\"caption-attachment-513286\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-513286 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-Chart-2-2.jpg?resize=860%2C411\" alt=\"Bitcoin BTC BTCUSDT Chart 2\" width=\"860\" height=\"411\"><figcaption id=\"caption-attachment-513286\" class=\"wp-caption-text\">BTC&#8217;s price outperformed the Euro and Japanese Yen in 2022. Source: Coinbase<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">This performance strengthens BTC&#8217;s long-term bullish thesis and its vital role as a global asset, according to the report:\u00a0<\/span><\/p>\n<blockquote><p>(\u2026) the value proposition for bitcoin has only strengthened this year as sovereign currencies around the world have shown signs of stress and central banks continue to grapple with policy credibility.<\/p><\/blockquote>\n<h3>BTC Hits Critical Milestone<\/h3>\n<p><span data-preserver-spaces=\"true\">Comparing BTC&#8217;s current price performance and fundamentals, Coinbase determined that many Bitcoin holders are at a loss. Around 50% of BTC investors are in the red, which could provide a solid base for a macro market bottom.\u00a0<\/span><\/p>\n<figure id=\"attachment_513285\" aria-describedby=\"caption-attachment-513285\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-513285\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-Chart-3-1.jpg?resize=460%2C411\" alt=\"Bitcoin BTC BTCUSDT Chart 3\" width=\"460\" height=\"411\"><figcaption id=\"caption-attachment-513285\" class=\"wp-caption-text\">BTC holders are at a loss approaching a bullish inflection point. Source: Coinbase<\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ripple\/xrp-accumulation-shark-whale-all-time-high\/\" target=\"_blank\" rel=\"noopener \">XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">In previous bear markets, this percentage reached an average of 53% of Bitcoin holders at a loss. In that sense, BTC and the crypto market could be heading for an &#8220;inflection point,&#8221; according to the report:<\/span><\/p>\n<blockquote><p>These represent major inflection points for BTC performance, preceding subsequent periods of price appreciation, we believe this metric provides important insights into current cycle positioning.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is back to its crab-like price action as macroeconomic forces fight with new developments in the crypto industry. The number one crypto by market cap has seen one of its bloodiest years, but it maintains a positive outlook for 2023.\u00a0 Related Reading: Breaking: One Of The Largest P2P Crypto Exchanges Removes Ethereum Due To \u2018Integrity\u2019 As of this writing, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. On higher timeframes, the cryptocurrency records some losses as it was rejected from the 50-Day Simple Moving Average (SMA) at around $17,800.\u00a0 Bitcoin Will See Better Days In 2023 Per a recent report from Coinbase, Bitcoin has been resilient in the current market turmoil. Despite the U.S. Federal Reserve (Fed) hiking interest rates, a high inflation environment, and the collapse of major companies in the crypto ecosystem, BTC:\u00a0 (\u2026) remains one of the primary reserve currencies of the crypto economy. This became evident several times during the year when overleveraged players throughout the market \u2013 CeFi lenders, hedge funds, and venture capital (VC) funds \u2013 became forced sellers. Bitcoin&#8217;s capacity to withstand the collapse of these companies and entities, including some of the largest BTC miners, indicates its &#8220;long-term success.&#8221; Regardless of these events, Coinbase claims that BTC continued to see adoption and traction in 2022.\u00a0 Bitcoin outperformed some of the world&#8217;s major currencies in the macroeconomic landscape. As seen in the chart below, the BTC price saw a better performance than the Euro (EUR) and the Japanese Yen (JPY) in 2022.\u00a0 This performance strengthens BTC&#8217;s long-term bullish thesis and its vital role as a global asset, according to the report:\u00a0 (\u2026) the value proposition for bitcoin has only strengthened this year as sovereign currencies around the world have shown signs of stress and central banks continue to grapple with policy credibility. BTC Hits Critical Milestone Comparing BTC&#8217;s current price performance and fundamentals, Coinbase determined that many Bitcoin holders are at a loss. Around 50% of BTC investors are in the red, which could provide a solid base for a macro market bottom.\u00a0 Related Reading: XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings In previous bear markets, this percentage reached an average of 53% of Bitcoin holders at a loss. In that sense, BTC and the crypto market could be heading for an &#8220;inflection point,&#8221; according to the report: These represent major inflection points for BTC performance, preceding subsequent periods of price appreciation, we believe this metric provides important insights into current cycle positioning.<\/p>\n","protected":false},"author":535,"featured_media":503749,"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":[428,1119,78790],"class_list":["post-513236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>50% Of Bitcoin Holders At A Loss, Why This Number Is Positive For BTC<\/title>\n<meta name=\"description\" content=\"Bitcoin is back to its crab-like price action as macroeconomic forces fight with new developments in the crypto industry. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"50% Of Bitcoin Holders At A Loss, Why This Number Is Positive For BTC","description":"Bitcoin is back to its crab-like price action as macroeconomic forces fight with new developments in the crypto industry. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"50% Of Bitcoin Holders At A Loss, Why This Number Is Positive For BTC","url":"http:\/\/wncen.com\/news\/bitcoin-holders-loss-number-positive-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-holders-loss-number-positive-btc\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Bitcoin-BTC-BTCUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Bitcoin-BTC-BTCUSDT.jpg?fit=640%2C480"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt"],"dateCreated":"2022-12-21T19:00:22Z","datePublished":"2022-12-21T19:00:22Z","dateModified":"2024-06-11T14:33:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"50% Of Bitcoin Holders At A Loss, Why This Number Is Positive For BTC\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-holders-loss-number-positive-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-holders-loss-number-positive-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-BTC-BTCUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-BTC-BTCUSDT.jpg?fit=640%2C480\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2022-12-21T19:00:22Z\",\"datePublished\":\"2022-12-21T19:00:22Z\",\"dateModified\":\"2024-06-11T14:33:26Z\"}<\/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\/2022\/09\/Bitcoin-BTC-BTCUSDT.jpg?fit=640%2C480","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513236","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\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=513236"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/503749"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=513236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=513236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=513236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}