CryptoQuant: Traders are currently facing the largest unrealized loss rate since November 2022
According to 8MarketCap data, Bitcoin has fallen more than 16% in the past 24 hours, breaking through the support level of $57,000. However, it is still among the top ten global assets with a market value higher than Berkshire Hathaway. According to CryptoQuant analysis, breaking through the $57,000 support level indicates that the market may further probe into the $40,000 range. Currently traders are facing their largest unrealized loss rate since November 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Yesterday, Fidelity FBTC had a net inflow of $165.9 million, and ARKB had a net inflow of $102.5 million.
Data: Multiple large wallets continue to accumulate ETH, purchasing over 197,000 coins in total within two days
Canadian-listed company Matador Technologies discloses acquisition of 92 additional bitcoins
GoPlus: Hello 402 contract carries risks of unlimited minting and centralized manipulation
Trending news
MoreCrypto prices
More
