Market Cap: $2,564,144,441,946
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Cryptocurrencies: 28960
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Cryptocurrencies: 28960
Markets: 114121
Market Cap: $2,564,144,441,946     
24h Vol: $100,230,063,648
cryptonews 2023-01-23 14:57:00

Realized Bitcoin P/L Ratio About to Rise Above 1 – How Will BTC Price Be Impacted?

Realized Bitcoin P/L Ratio About to Rise Above 1 – How Will BTC Price Be Impacted?
The 30-Day Simple Moving Average (SMA) of Glassnode’s Bitcoin Realized Profit-Loss Ratio (RPLR) indicator is about to move above one for the first time last April. That will mean that the Bitcoin market will soon be realizing a greater proportion of profits (denominated in USD) than losses. According to Glassnode, “this generally signifies that sellers with unrealized losses have been exhausted, and a healthier inflow of demand exists to absorb profit taking”.... Read More: Realized Bitcoin P/L Ratio About to Rise Above 1 – How Will BTC Price Be Impacted?
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