Over 9.3M Bitcoins are underwater, the highest supply in loss since January 2023, per Glassnode.
Source: www.cointelegraph.com
Bitcoin Returns since 2010...
Source: Charlie Bilello
They used to be the same...
Imagine if $BTC still carries some of that aggregate investor psychology... The gap vs NASDAQ remains absolutely huge. Source: TME
Glassnode: "The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling."
"These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning". Source: Glassnode
- Bitcoin is now down 41% since hitting $126,200 on the 6th of October.
- 4 consecutive red months is the longest bearish run since 2018. Source: Bitcoin archive
Can the 200 days moving average save BTC ???
Source: Trend Spider
30-day realized vol in gold has climbed above 44%, the highest level since the 2008 financial crisis, according to data compiled by Bloomberg.
That surpasses the roughly 39% for Bitcoin, the original cryptocurrency often dubbed “digital gold.” Since Bitcoin’s creation 17 years ago, gold has only been more volatile on two occasions, most recently last May during a flare-up in trade tensions sparked by President Trump's tariff threats. Source: Bloomberg, www.zerohedge.com
The average software stock is now in a 40% drawdown!
Absolute carnage in the space recently even with the broad market close to record highs. Source: Bespoke
