Bitcoin's precarious position after a tumultuous sell-off has led to a new focus on on-chain metrics, with one revealing a potentially volatile September. The realized loss momentum, a novel indicator introduced by Glassnode, is designed to identify significant market turning points... Could this tool, based on the activity of short-term holders, predict Bitcoin's next move? ...
Navigating Bitcoin’s sideways trend with realized loss momentum Navigating Bitcoin’s sideways trend with realized loss momentum
Realized loss momentum shows Bitcoin could potentially face a volatile few weeks and indicates only sideways movement going into autumn.
2 min read
Updated: Aug. 29, 2023 at 9:26 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.