CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Voyager Digital USDC Linked Debit Card

      Voyager Digital Launches USDC Linked Debit Card Linked

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Voyager Digital USDC Linked Debit Card

          Voyager Digital Launches USDC Linked Debit Card Linked

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Cryptocurrency

          The Data from Glassnode Reveals The Fascinating Aspect of Bear Market Length of Bitcoin

          Coinz Press by Coinz Press
          August 16, 2022
          in Cryptocurrency
          glassnode bear market

          Cover image via stock.adobe.com

          As per the sources, the recent data from Glassnode has revealed some fascinating aspects of Bitcoin. The Bitcoin long-term holder cost basis is above the realized price of Crypto at the moment. In fact, the latest weekly report from the analytic firm tells us that the LTH cost basis has remained below the price for around 248-575 days in the previous bear markets. 

          The Bitcoin Long-term holders or LTH include the investors who have been holding their coins for 155 days without selling or moving them. Moreover, it’s also worth noting that we multiply each coin in circulation with the previous price and then calculate the realized cap of the market. 

          The recent graph from Glassnode has shown that the cap price is now quite better than in previous years. You can also derive the price if you just divide the metric by the total number of coins in circulation. So, the ‘realized price’ is the cost basis of an average holder in the Bitcoin market as we know. 

          Glassnode’s Chart and The Revelation

          So, recently, Glassnode has produced a chart as per the holder cost basis. The new chart has also compared the cost basis for LTH with that of the whole market during the Crypto history. 

          Furthermore, the chart shows that the LTH cost basis has crossed the above-realized price. Week 30 of Glassnode’s chain has clearly shown the graph. Moreover, one look at the graph will highlight the previous Bitcoin bear markets and trends of the two ‘realized prices’. So, it seems that the cost basis of LTH has always crossed above the market’s entire realized price. 

          Also read: Bitcoin Price Prediction

          Why Did The LTH Cost Basis Cross Above The Entire Market’s Realized Price?

          Considering the fact that the Crypto has approached bear lows, the LTH cost basis has crossed above the market’s price. So, the experts are of the opinion that it happens due to the fact that LTHs are least likely to sell at any point. 

          Moreover, the rest of the market just panics and sells the easier ones during their downtrends. On the other hand, LTH tries to weather the storm head-on. Glassnode’s graph does show this very fact. 

          It’s quite apparent that the LTH price basis has remained higher than the ‘realized price’ for around 248 days and up to 575 days during the last bear markets. Moreover, the recent patterns also show that the LTH price basis has crossed above the other metric. However, so far, the indicators have only observed this trend for only 17 days. 

          The BTC Price for Now

          As per the sources, Bitcoin’s price is now floating around $20k, down to around 9-9.5% in the past week. In fact, over the last month, this crypto has lost around 3% of its value. We don’t know the proper reason for this one. However, BTC will pick up the pace for sure. 

          Considering the fact that it has seen this type of tendency in the past, it will surely go up once again. As for Glassnode’s view, well, it has posted a graph on this aspect as well. The Bitcoin on-chain cost basis’s LTH cost basis has crossed above the realized price is perhaps a sign of the things to come.

          Also read: BTC Fails to Raise the Market as Buyer Interest Shows a Ray of Hop

          Share76Tweet47

          Related Posts

          Ford Stock Forecast

          Ford Stock Forecast 2022, 2023, 2025, 2030, 2040, 2050

          November 7, 2022
          DHHF ETF Review: Is DHHF A Good Investment?

          DHHF ETF Review: Is DHHF A Good Investment?

          November 7, 2022
          Five Best ASX Lithium Stocks To Invest In 2022

          Five Best ASX Lithium Stocks To Invest In 2022

          November 7, 2022
          Infosys Share Price Target 2022 To 2050

          Infosys Share Price Target 2022 To 2050

          November 7, 2022
          Why Is MRF Share Price So Expensive?

          Why Is MRF Share Price So Expensive?

          November 7, 2022
          Best Uranium Stocks ASX To Buy In 2022

          Best Uranium Stocks ASX To Buy In 2022

          October 27, 2022
          ADVERTISEMENT

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press