On-Chain Indicators Suggest Bitcoin (BTC) Sell-Off May be Approaching Completion
CryptoNewsTerminal Staff18 Aug, 2024
On-Chain Indicators Suggest Bitcoin (BTC) Sell-Off May be Approaching Completion
On-chain analyst AxelAdlerJr, a contributor to CryptoQuant, recently conducted an analysis of Bitcoin's market behavior and identified promising signs that the ongoing sell-off may be nearing its end. AxelAdlerJr examined Bitcoin's consolidation over the past five months and found it to be relatively stable, indicating that most investors have sold their coins at a profit without succumbing to panic selling during periods of volatility. One of the key on-chain indicators AxelAdlerJr analyzed was the Realized Loss Ratio (7d MA). This indicator measures the ratio of losses to profits realized by investors over a seven-day period. According to the analyst, when losses overtake profits, as indicated by the Realized Loss Ratio, it suggests that the consolidation phase is often coming to an end. Based on the analysis of on-chain indicators, AxelAdlerJr suggests that the current BTC sell-off may be nearing its completion. As investors continue to monitor market conditions, these indicators provide valuable insights that can help inform trading decisions and assess the potential direction of Bitcoin's price.
