Did you buy Bitcoin for more than $30K? Charts show traders who entered the market between 6 and 18 months ago have been selling massively at loss.
) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals.intense selling by a large number of recent hodlers.As BTC/USD lingers near levels barely seen since 2020, it is not just minersAnalyzing Bitcoin’s Exchange Inflow Spent Output Ages Bands , CryptoQuant contributor Edris showed that those who bought between April 2021 and April 2022 have been selling coins en masse — for less than they bought them.
“Looking at the chart, it is evident that coins aged between 6–18 months ago have been sold aggressively recently,” he concluded. “These coins have been bought between April 2021 and April 2022 at prices above $30K. This signal means that many holders who have entered the market during the 2021 bull market and above the $30K mark, have recently capitulated and exited the market at an approximate 50% loss.”Such events should not be taken lightl because they tend to occur at the bottom of bear markets. The only question is whether the recent macro bottom in June at $17,600 will be this one’s floor.
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