Bitcoin Logs Longest Stretch of Daily Net Realized Losses Since Mid-August as Investors Sell Below $80,000
JH Kim
Summary
- Bitcoin posted its longest stretch of daily net realized losses since mid-August last week.
- As Bitcoin fell below $80,000, more investors appear to have sold at a loss.
- On-chain analytics firm Glassnode said sellers crystallized losses while Bitcoin traded below $80,000.
Forecast Trend Report by Period
Bitcoin posted its longest stretch of daily net realized losses since mid-August last week, indicating more investors sold at a loss as the cryptocurrency fell below $80,000.
Glassnode, an on-chain analytics firm, said on Nov. 2 that Bitcoin last week recorded its longest run of daily net realized losses since mid-August.
Net realized losses refer to periods when losses locked in by investors selling below their purchase price exceed realized gains.
Glassnode said sellers crystallized losses while Bitcoin traded below $80,000.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.