Bitcoin has seen yet another bounce in the past day, adding to the recent series of rebounds. Here’s what on-chain data says regarding if BTC is going anywhere with them. Bitcoin Realized Profit/Loss Ratio Could Shed Light On Broader Dynamics In its latest weekly report, the on-chain analytics firm Glassnode has discussed about the recent trend in the Realized Profit/Loss Ratio for Bitcoin, which is an indicator that can be useful to study how investors are reacting to price volatility. Related Reading: Dogecoin To $0.57 Or $0.06? Analyst Says DOGE’s Fate Hinges On This Level The metric measures, as its name already suggests, the ratio between the amount of profit and that of loss being realized by the holders or addresses as a whole. The indicator works by looking at the transaction history of each coin being sold on the network to find what price it was transferred at prior to this sale. If this previous selling value is less than the latest spot price for any token, then the metric includes it unde ..
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