Definition
Internet Unrealized Revenue/Loss is the distinction between Relative Unrealized Revenue and Relative Unrealized Loss. This metric will also be calculated by subtracting realized cap from the market cap and dividing the consequence by the market cap.
Fast Take
Bear market bottoms happen when capitulation happens, even when the strongest arms promote as a consequence of worry out there.
In 2022, a number of occasions, such because the Ukraine invasion, Luna, and FTX collapse, noticed a number of capitulations.
Nevertheless, when BTC broke $20,000, the sentiment turned away from capitulation.
As you possibly can see, every bear market backside has made a better low, which exhibits the capitulation amongst holders turns into much less extreme and will also be associated to ATH drawdowns as they get much less extreme.
Bitcoin NUPL: (Supply: Glassnode)
Ethereum: (Supply: NUPL)
The submit As Bitcoin and Ethereum proceed rally, capitulation severity has lessened appeared first on CryptoSlate.
Source link
