{"id":646972,"date":"2024-10-09T09:00:36","date_gmt":"2024-10-09T09:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=646972"},"modified":"2024-10-08T16:24:56","modified_gmt":"2024-10-08T16:24:56","slug":"bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors\/","title":{"rendered":"Bitcoin\u2019s Non-Realized Profits Hit Negative Levels\u2014What Does This Mean for Investors?"},"content":{"rendered":"

As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric.<\/p>\n

A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post<\/a> on the CryptoQuant QuickTake platform, mentioning what its trend means for investors.<\/p>\n

According to the analyst, the Non-Realized Profit metric offers a window into the unrealized gains or losses held by Bitcoin investors, which can influence future market movements<\/a>.<\/p>\n

Related Reading: Bitcoin Investors Not Sold On Uptober As Sentiment Remains Neutral<\/a><\/div>\n

Understanding The Current Zone In Non-Realized Profits<\/h2>\n

The Non-Realized Profit metric is often used to calculate the difference between the current price of Bitcoin and the price at which each coin was last moved, without accounting for coins that have been sold.<\/p>\n

High values in this metric suggest that investors hold significant unrealized profits, which could lead to increased selling pressure as they may choose to realize these gains.<\/p>\n

Conversely, negative values indicate that many investors hold positions at a loss, potentially signaling a market bottom and a favourable entry point<\/a> for new investors.<\/p>\n

\"Bitcoin
Bitcoin trader’s value. | Source: CryptoQuant<\/figcaption><\/figure>\n

According to the CryptoQuant analyst, the Non-Realized Profit metric is mostly in the negative zone. This situation implies that many Bitcoin holders are either at break-even points or experiencing unrealized losses.<\/p>\n

Historically<\/a>, such conditions have been associated with market bottoms, where the asset is considered undervalued. This scenario could present a strategic “opportunity” for investors looking to enter the market or increase their holdings.<\/p>\n

According to Darkfost, what sets the current market apart is that the unrealized profits have reached unprecedented highs compared to previous cycles, even while in the negative zone.<\/p>\n

This anomaly suggests that the ongoing market cycle may differ from past Bitcoin patterns. The analyst cautions that while this could lead to unique investment opportunities<\/a>, it also introduces potential risks due to the deviation from established trends.<\/p>\n

Bitcoin Continuous Struggle Below $70,000<\/h2>\n

After briefly touching the $64,000 price level yesterday, Bitcoin has faced correction once again<\/a>, falling back below this price mark\u2014currently, the asset trades for $62,340, down by 1.8% in the past 24 hours.<\/p>\n

\"Bitcoin
BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on TradingView.com<\/figcaption><\/figure>\n

This decline in performance from Bitcoin appears to have also dragged the global crypto market cap along with it, with the overall market cap valuation of crypto currently down by 3.3% in the past day to $2.26 trillion.<\/p>\n

The plunge has had a severe impact on traders, most especially the ones on long positions. According to data<\/a> from Coinglass, in the past 24 hours, 59,005 traders were liquidated, with the total liquidations sitting at $176.57 million.<\/p>\n

Related Reading: Bitcoin Price Forecast: This Week\u2019s Trends And Historical Patterns For Q4<\/a><\/div>\n

Out of the total liquidations, long positions account for $130 million, while short positions account for only $45.91 million.<\/p>\n

\"Crypto
Crypto total liquidations. | Source: Coinglass<\/figcaption><\/figure>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post on the CryptoQuant QuickTake platform, mentioning what its trend means for investors. According to the analyst, the Non-Realized Profit metric offers a window into the unrealized gains or losses held by Bitcoin investors, which can influence future market movements. Related Reading: Bitcoin Investors Not Sold On Uptober As Sentiment Remains Neutral Understanding The Current Zone In Non-Realized Profits The Non-Realized Profit metric is often used to calculate the difference between the current price of Bitcoin and the price at which each coin was last moved, without accounting for coins that have been sold. High values in this metric suggest that investors hold significant unrealized profits, which could lead to increased selling pressure as they may choose to realize these gains. Conversely, negative values indicate that many investors hold positions at a loss, potentially signaling a market bottom and a favourable entry point for new investors. According to the CryptoQuant analyst, the Non-Realized Profit metric is mostly in the negative zone. This situation implies that many Bitcoin holders are either at break-even points or experiencing unrealized losses. Historically, such conditions have been associated with market bottoms, where the asset is considered undervalued. This scenario could present a strategic “opportunity” for investors looking to enter the market or increase their holdings. According to Darkfost, what sets the current market apart is that the unrealized profits have reached unprecedented highs compared to previous cycles, even while in the negative zone. This anomaly suggests that the ongoing market cycle may differ from past Bitcoin patterns. The analyst cautions that while this could lead to unique investment opportunities, it also introduces potential risks due to the deviation from established trends. Bitcoin Continuous Struggle Below $70,000 After briefly touching the $64,000 price level yesterday, Bitcoin has faced correction once again, falling back below this price mark\u2014currently, the asset trades for $62,340, down by 1.8% in the past 24 hours. This decline in performance from Bitcoin appears to have also dragged the global crypto market cap along with it, with the overall market cap valuation of crypto currently down by 3.3% in the past day to $2.26 trillion. The plunge has had a severe impact on traders, most especially the ones on long positions. According to data from Coinglass, in the past 24 hours, 59,005 traders were liquidated, with the total liquidations sitting at $176.57 million. Related Reading: Bitcoin Price Forecast: This Week\u2019s Trends And Historical Patterns For Q4 Out of the total liquidations, long positions account for $130 million, while short positions account for only $45.91 million. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":646980,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-646972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\nBitcoin Non-Realized Profits Hit Negative Levels\u2014What Does This Mean for Investors?<\/title>\n<meta name=\"description\" content=\"As Bitcoin is currently still struggling to reclaim major highs, recent analysis of its fundamentals has highlighted a possible buying...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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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). 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. 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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\u2019s Non-Realized Profits Hit Negative Levels\u2014What Does This Mean for Investors?","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-08-16.06.25-A-digital-illustration-depicting-Bitcoins-non-realized-profits-hitting-negative-levels-with-an-emphasis-on-what-it-means-for-investors.-The-image-fe.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-08-16.06.25-A-digital-illustration-depicting-Bitcoins-non-realized-profits-hitting-negative-levels-with-an-emphasis-on-what-it-means-for-investors.-The-image-fe.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin 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","bitcoin market","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-10-09T09:00:36Z","datePublished":"2024-10-09T09:00:36Z","dateModified":"2024-10-09T09:00:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin\\u2019s Non-Realized Profits Hit Negative Levels\\u2014What Does This Mean for Investors?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoins-non-realized-profits-hit-negative-levels-what-does-this-mean-for-investors\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-08-16.06.25-A-digital-illustration-depicting-Bitcoins-non-realized-profits-hitting-negative-levels-with-an-emphasis-on-what-it-means-for-investors.-The-image-fe.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-08-16.06.25-A-digital-illustration-depicting-Bitcoins-non-realized-profits-hitting-negative-levels-with-an-emphasis-on-what-it-means-for-investors.-The-image-fe.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin 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\",\"bitcoin market\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-10-09T09:00:36Z\",\"datePublished\":\"2024-10-09T09:00:36Z\",\"dateModified\":\"2024-10-09T09:00:36Z\"}<\/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\/2024\/10\/DALL\u00b7E-2024-10-08-16.06.25-A-digital-illustration-depicting-Bitcoins-non-realized-profits-hitting-negative-levels-with-an-emphasis-on-what-it-means-for-investors.-The-image-fe.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646972"}],"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=646972"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646972\/revisions"}],"predecessor-version":[{"id":647007,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646972\/revisions\/647007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/646980"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=646972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=646972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=646972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}