Fun

Bitcoin Loss Holders Highest Since October As BTC Crashes To $87,000

News Feed - 2025-02-26 09:02:58

Este artículo también está disponible en español.


On-chain data shows the number of Bitcoin loss addresses has shot up following the cryptocurrency’s dive toward $87,000. Bitcoin Market Delivered Shock As Price Plummets 7% In Past Day


Bitcoin had already been following a bearish trajectory during this month, but it appears the asset’s decline has seen an acceleration in the last 24 hours as its price has dropped by more than 7%. Related Reading Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen? 20 hours ago


Below is a chart that shows how the coin’s crash has looked: The price of the coin seems to have plunged in the past day | Source: BTCUSDT on TradingView


From the graph, it’s visible that BTC briefly dipped under the $87,000 mark during the plummet, but it would appear it has since found a small rebound back to $89,000. Bitcoin hasn’t been alone in this bearish price action, as the rest of the digital asset sector has taken a dive inside this window as well. Most of the altcoins have also in fact printed worse returns than BTC.


Severe liquidations have occurred over at the derivatives side of the sector as a result of this sector-wide drawdown, according to data from CoinGlass. In total, liquidations have reached a whopping $1.5 billion in the last 24 hours. Longs appear to have contributed to the largest part of the liquidations | Source:CoinGlass


Naturally, a consequence of the crash was that BTC’s profit-loss distribution saw a notable change. More Than 12% Of BTC Addresses Are Now Underwater


In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend in its Historical In/Out of the Money indicator. This metric basically tells us about the percentage breakdown of BTC addresses between profit, loss, and break-even.


The indicator works by going through the transaction history of each address on the network to see what average price it received its coins at. If this cost basis is greater than the current price, then the metric puts the address into the loss category, which the analytics firm terms as ‘out of the money.’


Similarly, holders of the opposite type fall into the profit category, or ‘in the money.’ The addresses that have an average acquisition price equal to the BTC spot value can be assumed to be just breaking even on their investment, or ‘at the money.’ Related Reading Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 16 hours ago


Now, here is the chart for the indicator shared by IntoTheBlock, which specifically shows the trend in the Out of the Money portion of the Bitcoin userbase: The value of the metric seems to have climbed up in recent days | Source:IntoTheBlock on X


As displayed in the above graph, the metric has gone up alongside the latest crash in the BTC price, as a large amount of addresses have entered into a state of loss. In total, over 12% of the cryptocurrency’s holders are underwater now, which is the highest level since October of last year. Featured image from Dall-E, CoinGlass.com, IntoTheBlock.com, chart from TradingView.com

News Feed

Ana Paula Pereira2 hours agoHashdex sits down with SEC over spot Bitcoin ETF applicationAsset manager Hashdex recently met with the U.S. SEC to address the regulator’s concerns over its application for a spot Bitcoin E
US Senator Asks Coinbase, Gemini, Binance, Tether How They’re Protecting Consumers
US Senator Asks Coinbase, Gemini, Binance, Tether How They"re Protecting Consumers U.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, i
Ezra Reguerra13 hours agoLufthansa airline launches NFT loyalty program on PolygonAirline passengers can collect NFTs and then get rewards, such as flight upgrades or airport lounge access, after completing NFT sets.3902
Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Marathon Digital Holdings launches direct Bitcoin transaction submission service
Tristan Greene4 hours agoMarathon Digital Holdings launches direct Bitcoin transaction submission serviceThe new service should speed things up for large and/or non-standard Bitcoin transactions.1168 Total views46 Total
Mastercard joins forces with US banking titans for tokenized settlement trials
Prashant Jha11 hours agoMastercard joins forces with US banking titans for tokenized settlement trialsThe partnership between significant banking giants in the U.S. and Mastercard aims to streamline multiple asset-class
Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers
Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers Crypto exchange Hotbit has announced the suspension of trading, deposits,
Ciaran Lyons8 hours agoCoinbase secures AML registration from the Bank of SpainThe Anti-Money Laundering registration will allow cryptocurrency exchange Coinbase to offer its services to retail and institutional investor
Brian Nibley3 hours agoInflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold.94
Hong Kong virtual bank Mox Bank launches crypto ETF trading
Martin Young3 hours agoHong Kong virtual bank Mox Bank launches crypto ETF tradingThe Standard Chartered subsidiary says it"s the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers.2404 Total
Goldman Sachs: Gold Is Becoming Poor Man’s Crypto
Goldman Sachs: Gold Is Becoming Poor Man"s Crypto Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is
Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%
Bank of Japan"s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25% The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprise