Onchained referenced the market cap and realized cap of the relevant entities, corresponding to the current value of the BTC they own versus the price at which they last moved onchain.“The market capitalization (MC) of their holdings is now lower than the realized capitalization (RC), signaling that these holders are locking in realized losses,” the post said. “This behavior is contributing to increased selling pressure and could lead to further downward price action in the short term.”Bitcoin 1-3 month investor market cap, realized cap (screenshot).
CryptoQuant suggested that this section of the overall STH investor cohort, defined as those buying up to six months ago, is around $100 million out of pocket.“This represents a significant reduction in the value of Bitcoin held by this cohort, who are now underwater as many bought at higher prices and are exiting with losses,” contributor Onchained wrote in one of its “Quicktake” blog posts on March 13.
In its latest weekly report seen by Cointelegraph on March 12, CryptoQuant warned that the current correction may be more tenacious than it appears on the surface.“Historically, bull market corrections tend to be short-lived and followed by strong recoveries, but current on-chain indicators point to a potential structural shift that could preclude a broader bearish phase,” it summarized.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin panic selling costs new investors $100M in 6 weeks — Research" has 471 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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