The $22,400 level is also quite important since it is close to the 200 WMA , which has historically been an indicator for a bottoming formation, according to Glassnode.
At its current price of $24,458, Bitcoin is presently trading above both the realized price, which is $21,773, and the Long Term Holder Realized Price , which is $22,722. This represents the average value of the BTC coin supply as of the most recent on-chain transaction. With BTC prices above the realized price, the short-term outlook has improved with participants willing to gain exposure to the lead cryptocurrency. The overall miner balance has decreased by about 4,700 BTC over the past two weeks. This shows that during the recent price surge, aggregate miners were taking some exit liquidity, perhaps to strengthen their balance sheets and manage risk.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: mercnews - 🏆 88. / 68 Read more »
Source: nbcbayarea - 🏆 596. / 51 Read more »
Residents make their case to the Elgin City Council to reopen Lords Park pool next year and keep it openFearful that city officials might close Lords Park Family Aquatic Center again next year or permanently, a group of people spoke publicly about why it's an important asset -- especially for kids.
Source: chicagotribune - 🏆 8. / 91 Read more »
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »
Source: BGR - 🏆 234. / 63 Read more »