Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

  • Play2Earn
    Win a Reign of Terror Mystery Crate through Open Loot

    Win a Reign of Terror Mystery Crate through Open Loot

    MegaWorld Announces Citizen Traits and Pack Sale

    MegaWorld Announces Citizen Traits and Pack Sale

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

  • Play2Earn
    Win a Reign of Terror Mystery Crate through Open Loot

    Win a Reign of Terror Mystery Crate through Open Loot

    MegaWorld Announces Citizen Traits and Pack Sale

    MegaWorld Announces Citizen Traits and Pack Sale

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Bitcoin NUL Suggests More Downside To Come Before The Bottom

2022-06-03
in Bitcoin
0
Bitcoin NUL Suggests More Downside To Come Before The Bottom
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

On-chain knowledge exhibits the Bitcoin NUL indicator continues to be under a worth of 0.5, an indication that extra downtrend may very well be in retailer for the crypto earlier than the underside is in.

Bitcoin Web Unrealized Loss Surges Up, However Nonetheless Stays Beneath 0.5

As identified by an analyst in a CryptoQuant post, the cryptocurrency’s value should still be nowhere close to a backside.

The related indicator right here is the “web unrealized loss” (or NUL in short), which tells us concerning the complete variety of cash which might be at present holding an unrealized loss.

The metric works by evaluating the final promoting value of every coin on the chain to the present worth of Bitcoin. If the earlier earlier of any coin was greater than the present one, then that coin is holding a loss proper now.

However, the present value being greater than the final promoting worth would suggest that the coin is in revenue in the intervening time.

Associated Studying | Bitcoin Falls Beneath $30k As 10k BTC Circulation Into Gemini

The NUL metric solely takes into consideration the previous kind of cash. One other indicator, the web unrealized revenue (NUP), measures the latter class.

Now, here’s a chart that exhibits the pattern within the Bitcoin NUL over the historical past of the coin:

Bitcoin NUL

The worth of the indicator appears to have been rising lately | Supply: CryptoQuant

Within the above graph, the quant has marked the 2 completely different zones of the Bitcoin NUL, with the metric worth equal to 0.5 line being the divider between them.

It appears like traditionally, the value of the crypto has tended to look at the main bottoms when the indicator’s worth has been higher than 0.5

Associated Studying | Can FTX Token (FTT) And Parody Coin (PARO) Be part of Bitcoin (BTC) As The Largest Cryptocurrency In 2022?

As you possibly can see within the chart, the NUL metric has noticed some uptrend in latest months. It’s because the worth of Bitcoin has been declining throughout this era, resulting in extra cash going underwater.

Nonetheless, regardless of this latest rise, it looks like the web unrealized loss’ present worth continues to be effectively under the 0.5 degree.

If previous pattern is something to go by, Bitcoin could observe additional downtrend within the coming future earlier than the NUL’s worth exceeds the edge and a backside is fashioned.

BTC Value

On the time of writing, Bitcoin’s value floats round $29.7k, up 3% within the final seven days. Over the previous month, the crypto has misplaced 23% in worth.

The under chart exhibits the pattern within the value of the coin during the last 5 days.

Bitcoin Price Chart

Appears like the worth of the crypto has gone down during the last couple of days | Supply: BTCUSD on TradingView
Featured picture from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Source link

You might also like

Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter

Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue

Crypto Market Looks Unhealthy With Bitcoin At $21K, Expert Says

Tags: BitcoinBottomDownsideNULSuggests
Share30Tweet19

Recommended For You

Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter

2022-08-24
0
Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter

Beforehand Bitcoin has been fluctuating between the $20K and $25K value marks. Billions of {dollars} have been wiped off because of the crash in its value, significantly within...

Read more

Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue

2022-08-23
0
Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue

Institutional investor sentiment has been on the rocks for a while now. This follows the market development with bitcoin falling beneath $22,000 and the entire crypto market cap...

Read more

Crypto Market Looks Unhealthy With Bitcoin At $21K, Expert Says

2022-08-23
0
TA: Top 5 Crypto You Should Watch This Week

Bitcoin and the crypto market continued to maneuver sideways over the previous week after recording essential losses throughout the weekend. Regardless of the short-term bearish value motion, there...

Read more

Bitcoin Realized Losses Going Down, But Still At Significant Value

2022-08-23
0
Bitcoin Realized Losses Going Down, But Still At Significant Value

Information exhibits the web quantity of losses being realized within the Bitcoin market goes down, however nonetheless stays at a excessive worth. Bitcoin Web Realized Revenue/Loss Nonetheless Has...

Read more

Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities

2022-08-23
0
Bitcoin Poised For Recovery, Relief Summer still In Play?

The Worldwide Financial Fund (IMF) published a research on the spike in constructive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The monetary group claims digital property...

Read more
Next Post
El Salvador Postpones Bitcoin Bonds A Second Time, Here’s Why

El Salvador Postpones Bitcoin Bonds A Second Time, Here’s Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Cosmos (ATOM) Price Soars 12%, Is It About To Break Resistance?

Cosmos (ATOM) Price Soars 12%, Is It About To Break Resistance?

2022-06-23
Exchange Reserves Decline 18% In 5 Months

Exchange Reserves Decline 18% In 5 Months

2021-10-29
FinCEN Links $5.2 Billion to Bitcoin ($BTC) Ransomware Payments

FinCEN Links $5.2 Billion to Bitcoin ($BTC) Ransomware Payments

2021-10-19

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%