Bitcoin sees longest streak of revenue taking from buyers since November 2021 bull run

by Jeremy

Definition

Internet Realized Revenue/Loss is the web revenue or lack of all moved cash and is outlined by the distinction of Realized Revenue – Realized Loss.

Fast Take

  • Internet realized revenue/ loss signifies that that is the longest streak of profit-taking in Bitcoin for the reason that bull run in late 2021.
  • Traders have been taking income for round three weeks throughout March 2022. Nonetheless, this streak is roughly one month, and buyers are taking the chance for income.
  • Previously 14 days, solely round $45 million of income have been realized, significantly lower than the earlier streaks talked about above.
  • CryptoSlate analyzed that profit-taking occurred final week, predominantly from short-term holders.
  • Bitcoin continues to face resistance at $25,000; one of many causes is because of buyers realizing income.
Net Realized Profit/Loss: (Source: Glassnode)
Internet Realized Revenue/Loss: (Supply: Glassnode)

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