glassnode: Realized losses for short-term holders hit a two-year high, indicating panic selling has peaked
Foresight News reported, citing glassnode data, that the actual losses of short-term holders have surged significantly, with the 7-day moving average reaching $427 million per day, the highest level since November 2022. Panic selling has peaked and intensified markedly, with current losses now exceeding those seen at the previous two major lows of this cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ark Invest increased its holdings of BLSH by $1.0668 million yesterday
U.S. Treasury TGA sees significant decline for the first time, market liquidity expected to improve
Futu Q3 Financial Report: Virtual asset holdings increased by 90% quarter-on-quarter, trading volume up 161%
Trending news
MoreCrypto prices
More
