Blockchain browser and mining pool BTC.com said on Monday that it got hacked earlier this month, and lost around US$2.3 million of its own...

Hacker Steals $8 Million from BitKeep Crypto Wallets in Latest DeFi Hack  The Decentralized Finance (DeFi) sector continues to...

Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.BTC.com experienced a...

Dec 26, 2022 09:25&nbspUTC | Updated: Dec 26, 2022 at 09:25&nbspUTC By&nbspClark The Bitcoin network hashrate has come to 241.29 EH/s once a short lived 38%...

Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas...

We’ve made it to the fifth article in DailyCoin’s “12 Days of Cryptomas” holiday feature, and this is sure to be a...

Knowledge reveals the Bitcoin mining hashrate has rebounded 11% for the reason that November finish lows; can the metric preserve this up and set...

After a tumultuous month for Bitcoin in November, few indicators are pointing out that the BTC price can see a major downtrend in...

On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash...

The biggest news in the cryptoverse for October 25 includes the amount of staked Ethereum surpassing 14 million year-to-date, Tesla’s $106 million loss to Bitcoin volatility, and Apple’s guidelines on how iOS developers can add in-app NFT purchase functions to their apps.  Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price […]

The post CryptoSlate Wrapped Daily: Staked ETH soars in Q3; Bitcoin volatility causes Tesla $106M loss; Binance close to finding hacker appeared first on CryptoSlate.

On-chain data shows around 82% of the Bitcoin short-term holder supply is currently in loss, suggesting that capitulation may occur soon. 82% Of Bitcoin Short-Term Holder Supply Now In Loss, While Total STH Supply Declines According to the latest weekly report from Glassnode, the BTC STH supply is nearing all-time lows at the moment. However, 82% of it is being held at a loss. The “BTC short-term holder supply” is that part of the total Bitcoin supply that has been held for less than 155 days. The investors holding this supply are usually the likeliest to sell their coins off during market volatility, and especially when a capitulation flush out occurs. An on-chain indicator, the Bitcoin STH supply in profit/loss, tells us the percentage distribution between these coins being held at a profit and those being held at a loss. When a high amount of this supply is in loss, there may be more sell-side pressure in the market as short-term holders capitulate easily. Related Reading | Bitcoin MPI Rises To Highest Value Since March 2021, Bull Rally Soon? Now, here is a chart that shows the trend in the BTC STH supply over the history of the coin: Looks like the value of the indicator has declined over the years | Source: Glassnode's The Week Onchain - Week 11, 2022 As you can see in the above graph, the Bitcoin STH supply has been observing a constant downtrend over much of the history of the coin, and is currently near all-time low values. The decrease in this supply happens when some of the coins mature beyond the 155-day cutoff, thus becoming part of the “long-term holder supply” instead. Since short-term holders can be a big source of sell-side pressure, the number of coins held by them severely going down can be bullish for the price of the crypto. Related Reading | Bitcoin Hashrate Swells 15% Since Last Week As Analysts Expect Mining Difficulty To Increase However, while the supply is low right now, around 82% of it is currently in loss. So despite the decline in total supply, these coins in loss still amount to around 2.5 million BTC, and thus they can add quite significant sell pressure to the market. As macro uncertainties like the Russian invasion of Ukraine continue to loom over the Bitcoin market, these short-term holders may finally break and capitulate in case their coins remain in the red or go even deeper. BTC Price At the time of writing, Bitcoin’s price floats around $38.5k, down 1% in the last seven days. Over the past month, the crypto has lost 10% in value. The below chart shows the trend in the price of BTC over the last five days. BTC's price seems to have been in consolidation for a few days now | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com

The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 […]