Meanwhile, those who bought in recent weeks are underwater to varying degrees, as Bitcoin is at its lowest since the last week of July.$25,200 highs is now becoming clearerThe increase in underwater addresses has been particularly pronounced since last week’s sudden price drop. At the time of writing, the seven-day moving average of wallets in the red sits at more than 17.5 million — an increase of 1.5 million over several days.
Aug. 19 sealed a total of $209.5 million in long position liquidations on exchanges — the most since June 13 — along with $30 million of short positions.Turning to the immediate outlook, few were prepared to bet on a major renaissance in crypto markets.
glassnode Is there anything like it?
Well, it's not something special. BTC goes up, then down, then up again. You know, the regular BTC thing.
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