High-Risk Profit Levels in the Supply of BTC, ETH, and XRP

High-Risk Profit Levels in the Supply of BTC, ETH, and XRP
By AZC News | Jan 18 2024

An astonishing 80% of Bitcoin, Ethereum, and XRP supplies currently reside in profit zones well beyond the typical range of 55-75%.High-Risk Profit Levels in the Supply of BTC, ETH, and XRP
The Bitcoin market is grappling with significant selling pressure, experiencing a 7% decline in the past week and currently stabilizing around the $42,750 mark. Despite robust inflows into Bitcoin ETFs, the overall price movement has been relatively subdued.

Santiment, a reputable on-chain data provider, highlights that Bitcoin, Ethereum, and XRPLedger are currently displaying historically elevated levels of risk for profit, standing at 83%, 84%, and 81%, respectively. These figures surpass the typical ranges of 55%-75%, observed since 2018.

While the cryptocurrency market could potentially witness further growth due to increased ETF exposure and positive news, Santiment emphasizes the importance of a sustained long-term expansion, indicating that a drop below 75% of their supplies in profit would be a crucial indicator.



BTC Forms A Golden-Cross
In another development, Bitcoin has recently formed a "golden cross" as its 50-week simple moving average (SMA) crossed above the 200-week SMA. This phenomenon, occurring on the Bitcoin weekly price chart for the first time, is perceived by market enthusiasts as a positive signal for asset prices.

The concept of the golden cross, signaling a potential long-term bull market, originates from technical analysis and has its roots in Japan. Despite its forward-looking nature, some traders advise caution regarding crossovers, noting that they may be subject to lag due to their reliance on historical data and past price movements. The current golden cross on the weekly chart follows a substantial Bitcoin rally of over 70%, propelling it to $42,700 in the last four months.



Looking ahead at BTC price action, Bitcoin encountered difficulty breaking out of its range and remained below the $43,000 level on Tuesday. Market participants expressed disappointment as the BTC price struggled to surpass the crucial resistance point of $43,418, which signifies the lower boundary of a bearish imbalance zone according to the price chart.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal



Complicating matters, Bitcoin faces resistance at the 50% Fibonacci Retracement level, positioned at $43,074 and derived from Bitcoin's decline between November 2021 and November 2022. This level represents a significant hurdle. Furthermore, the lower boundary of the imbalance zone, spanning from $43,418 to $45,607, serves as a second resistance level. Analysts suggest that filling this gap could signal a resumption of Bitcoin's downward trajectory once again.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseaHigh-Risk Profit Levels in the Supply of BTC, ETH, and XRP
By AZC News | Jan 18 2024

An astonishing 80% of Bitcoin, Ethereum, and XRP supplies currently reside in profit zones well beyond the typical range of 55-75%.High-Risk Profit Levels in the Supply of BTC, ETH, and XRP
The Bitcoin market is grappling with significant selling pressure, experiencing a 7% decline in the past week and currently stabilizing around the $42,750 mark. Despite robust inflows into Bitcoin ETFs, the overall price movement has been relatively subdued.

Santiment, a reputable on-chain data provider, highlights that Bitcoin, Ethereum, and XRPLedger are currently displaying historically elevated levels of risk for profit, standing at 83%, 84%, and 81%, respectively. These figures surpass the typical ranges of 55%-75%, observed since 2018.

While the cryptocurrency market could potentially witness further growth due to increased ETF exposure and positive news, Santiment emphasizes the importance of a sustained long-term expansion, indicating that a drop below 75% of their supplies in profit would be a crucial indicator.



BTC Forms A Golden-Cross
In another development, Bitcoin has recently formed a "golden cross" as its 50-week simple moving average (SMA) crossed above the 200-week SMA. This phenomenon, occurring on the Bitcoin weekly price chart for the first time, is perceived by market enthusiasts as a positive signal for asset prices.

The concept of the golden cross, signaling a potential long-term bull market, originates from technical analysis and has its roots in Japan. Despite its forward-looking nature, some traders advise caution regarding crossovers, noting that they may be subject to lag due to their reliance on historical data and past price movements. The current golden cross on the weekly chart follows a substantial Bitcoin rally of over 70%, propelling it to $42,700 in the last four months.



Looking ahead at BTC price action, Bitcoin encountered difficulty breaking out of its range and remained below the $43,000 level on Tuesday. Market participants expressed disappointment as the BTC price struggled to surpass the crucial resistance point of $43,418, which signifies the lower boundary of a bearish imbalance zone according to the price chart.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal



Complicating matters, Bitcoin faces resistance at the 50% Fibonacci Retracement level, positioned at $43,074 and derived from Bitcoin's decline between November 2021 and November 2022. This level represents a significant hurdle. Furthermore, the lower boundary of the imbalance zone, spanning from $43,418 to $45,607, serves as a second resistance level. Analysts suggest that filling this gap could signal a resumption of Bitcoin's downward trajectory once again.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseaHigh-Risk Profit Levels in the Supply of BTC, ETH, and XRP
By AZC News | Jan 18 2024

An astonishing 80% of Bitcoin, Ethereum, and XRP supplies currently reside in profit zones well beyond the typical range of 55-75%.High-Risk Profit Levels in the Supply of BTC, ETH, and XRP
The Bitcoin market is grappling with significant selling pressure, experiencing a 7% decline in the past week and currently stabilizing around the $42,750 mark. Despite robust inflows into Bitcoin ETFs, the overall price movement has been relatively subdued.

Santiment, a reputable on-chain data provider, highlights that Bitcoin, Ethereum, and XRPLedger are currently displaying historically elevated levels of risk for profit, standing at 83%, 84%, and 81%, respectively. These figures surpass the typical ranges of 55%-75%, observed since 2018.

While the cryptocurrency market could potentially witness further growth due to increased ETF exposure and positive news, Santiment emphasizes the importance of a sustained long-term expansion, indicating that a drop below 75% of their supplies in profit would be a crucial indicator.



BTC Forms A Golden-Cross
In another development, Bitcoin has recently formed a "golden cross" as its 50-week simple moving average (SMA) crossed above the 200-week SMA. This phenomenon, occurring on the Bitcoin weekly price chart for the first time, is perceived by market enthusiasts as a positive signal for asset prices.

The concept of the golden cross, signaling a potential long-term bull market, originates from technical analysis and has its roots in Japan. Despite its forward-looking nature, some traders advise caution regarding crossovers, noting that they may be subject to lag due to their reliance on historical data and past price movements. The current golden cross on the weekly chart follows a substantial Bitcoin rally of over 70%, propelling it to $42,700 in the last four months.



Looking ahead at BTC price action, Bitcoin encountered difficulty breaking out of its range and remained below the $43,000 level on Tuesday. Market participants expressed disappointment as the BTC price struggled to surpass the crucial resistance point of $43,418, which signifies the lower boundary of a bearish imbalance zone according to the price chart.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal



Complicating matters, Bitcoin faces resistance at the 50% Fibonacci Retracement level, positioned at $43,074 and derived from Bitcoin's decline between November 2021 and November 2022. This level represents a significant hurdle. Furthermore, the lower boundary of the imbalance zone, spanning from $43,418 to $45,607, serves as a second resistance level. Analysts suggest that filling this gap could signal a resumption of Bitcoin's downward trajectory once again.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseaHigh-Risk Profit Levels in the Supply of BTC, ETH, and XRP
By AZC News | Jan 18 2024
An astonishing 80% of Bitcoin, Ethereum, and XRP supplies currently reside in profit zones well beyond the typical range of 55-75%.High-Risk Profit Levels in the Supply of BTC, ETH, and XRP
The Bitcoin market is grappling with significant selling pressure, experiencing a 7% decline in the past week and currently stabilizing around the $42,750 mark. Despite robust inflows into Bitcoin ETFs, the overall price movement has been relatively subdued.

Santiment, a reputable on-chain data provider, highlights that Bitcoin, Ethereum, and XRPLedger are currently displaying historically elevated levels of risk for profit, standing at 83%, 84%, and 81%, respectively. These figures surpass the typical ranges of 55%-75%, observed since 2018.
While the cryptocurrency market could potentially witness further growth due to increased ETF exposure and positive news, Santiment emphasizes the importance of a sustained long-term expansion, indicating that a drop below 75% of their supplies in profit would be a crucial indicator.



BTC Forms A Golden-Cross
In another development, Bitcoin has recently formed a "golden cross" as its 50-week simple moving average (SMA) crossed above the 200-week SMA. This phenomenon, occurring on the Bitcoin weekly price chart for the first time, is perceived by market enthusiasts as a positive signal for asset prices.
The concept of the golden cross, signaling a potential long-term bull market, originates from technical analysis and has its roots in Japan. Despite its forward-looking nature, some traders advise caution regarding crossovers, noting that they may be subject to lag due to their reliance on historical data and past price movements. The current golden cross on the weekly chart follows a substantial Bitcoin rally of over 70%, propelling it to $42,700 in the last four months.


Looking ahead at BTC price action, Bitcoin encountered difficulty breaking out of its range and remained below the $43,000 level on Tuesday. Market participants expressed disappointment as the BTC price struggled to surpass the crucial resistance point of $43,418, which signifies the lower boundary of a bearish imbalance zone according to the price chart.
Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal



Complicating matters, Bitcoin faces resistance at the 50% Fibonacci Retracement level, positioned at $43,074 and derived from Bitcoin's decline between November 2021 and November 2022. This level represents a significant hurdle. Furthermore, the lower boundary of the imbalance zone, spanning from $43,418 to $45,607, serves as a second resistance level. Analysts suggest that filling this gap could signal a resumption of Bitcoin's downward trajectory once again.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.rch when making a decision.rch when making a decision.rch when making a decision.