On-chain data shows that Bitcoin investors aren’t participating in any significant amounts of loss selling right now. Here’s what it may mean. Bitcoin Entity-Adjusted Realized Loss Has Remained Low Recently According to data from the on-chain analytics firm Glassnode, coins transacted recently were mostly acquired close to the current spot price. The relevant indicator here is the “entity-adjusted realized loss,” which measures the total loss investors realize through their current selling. This metric works by going through the on-chain history of each being sold to see what price it was bought at. If this previous price for any coin was more than the current spot price (that it’s now being moved at), then the coin’s sale is leading to the realization of a loss. Naturally, the coin would be moving at a profit in the opposite case. The indicator has “entity-adjusted” because it only counts transactions/sales between different entities rather than individual wallets. An entity here refers to a single or a group of addresses controlled by the same investor, as determined by ..
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