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Bitcoin (BTC) faces mixed sentiments amid the consolidation below $28,000. Glassnode shared intriguing insights into bitcoin’s on -chain activity, shedding light on two key metric s offering valuable market sentiment and price movement indicators. In a tweet earlier today, Glassnode called attention to the BTC number of addresses in the Loss indicator. The platform noted that the indicator has surged to a four-month high of 17,168,229. This metric is derived by calculating the average number of bitcoin addresses that currently hold a loss over seven days.  #Bitcoin $BTC Number of Addresses in Loss (7d MA) just reached a 4-month high of 17,168,229.613 Previous 4-month high of 17,161,501.905 was observed on 12 June 2023 View metric :https://t.co/s2ciFMlDcX pic.twitter.com/dq2rRlPaKC — glassnode alerts (@glassnodealerts) June 14, 2023 It indicates the number of addresses that bought BTC at a higher price than its current value. The rising trend suggests that many BTC ...

Crypto asset prices have been mundane so far in 2022. It’s been weeks since Bitcoin has remained stagnated around the $20k mark. All attempts to climb above the said level have been futile till now. The market has additionally been characterized by low volatility of late. As illustrated below, this metric noted a free fall to its one-year low towards the end of last month. Despite noting a slight recovery, it continued to hover around its lows at press time. Source: Messari As a result, the largest crypto asset is currently less volatile than equity indices like Nasdaq and the S&P 500. #Bitcoin is now less volatile than S&P 500 and Nasdaq . pic.twitter.com/7x2zaTmgKM — Michael Saylor⚡️ (@saylor) November 6, 2022 Also Read: If MicroStrategy invested in Ethereum over Bitcoin, What would be its Valuation? What to expect going forward? Yassine Elmandjra—Crypto Analyst at ARK Invest—took to Twitter to highlight the current stat...