[Daily Discussion] Tuesday, February 11, 2020 Bitcoin Markets |
- [Daily Discussion] Tuesday, February 11, 2020
- [Altcoin Discussion] Tuesday, February 11, 2020
- 26,494 bitcoins moved this
- Bitcoin's MVRV Long/Short Difference Has Just Crossed Above 0% for the 4th Time Ever - Santiment Community Insights
[Daily Discussion] Tuesday, February 11, 2020 Posted: 10 Feb 2020 08:04 PM PST Thread topics include, but are not limited to:
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[Altcoin Discussion] Tuesday, February 11, 2020 Posted: 10 Feb 2020 08:04 PM PST Thread topics include, but are not limited to:
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Posted: 11 Feb 2020 10:12 AM PST 11,999.969 BTC and 24,494.352 BTC were moved this morning between 12:25:00 UTC and 13:22:00 UTC. Can anyone confirm/deny that this is part of Bitfinex maintenance? Or maybe plustoken or other scam coins being moved? Pretty interesting activity that I'd like to have some more info on. Thanks in advance! [link] [comments] |
Posted: 10 Feb 2020 12:35 PM PST Here is our featured article about how this metric works and what to make of its movements. To learn more about these kinds of metrics, we encourage anyone to check them out and explore different fundamentals and how they're currently fluctuating. A follow on Twitter would be greatly appreciated as well! Excerpt from the article: One of our custom-built indicators availabe on Sandata, Bitcoin's Long/Short MVRV difference has crossed above 0% for just the 4th time in the coin's history. The last 3 times it happened, the move has demarcated the end of a bear cycle for the world's biggest cryptocurrency. Originally developed by Murad Mahmudov and David Puell, the idea behind the MVRV ratio is to measure how much each BTC holder paid for their coins initially, and compare that 'acquisition cost' to the current price of BTC. That way, we can calculate the average ROI of all Bitcoin holders. In short, if the MVRV ratio is above 1.0, then - on average - all BTC holders are currently sitting 'in profit'. An MVRV of 2.5, for example, means that all Bitcoin holders are - on average - presently 250% on their initial investment. If the MVRV is below 1.0, then - on average - all holders would realize a loss if they sold. The bigger the ratio, the more sell pressure there will be on the BTC price. The lower the ratio, the more 'undervalued' the coin, and an arguably better opportunity to accumulate. [link] [comments] |
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