CryptoBlog n.723
⚡️ Santiment ▫️ Ethereum, and the SP500 bounced back to their respective May price levels in mid-August. But Bitcoin is still lagging behind. ▫️ Bitcoin fell after briefly rising above $25k on August 14. As traders have turned their attention to Ethereum and altcoins, BTC trades are mostly at a loss. This is the lowest profit taking ratio ever observed.
CryptoBlog n.722
⚡️ CryptoQuant ▫️ UTXOs over 6 months old (they are long-term holders as they hold BTCs for over 155 days) take almost 70% of realized capital. In previous sell-off cycles: September 15, April 19, this figure also reached over 70% and then began to decline. As you can see, the value is still rising, so the bottom is not yet formed, but it is very close.