At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours.
According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off and could be used to predict future price swings.
Tracking the ROI of Bitcoin transactions reveals an interesting pattern
Bitcoin’s latest crash has left the entire crypto market in shambles, dragging almost every single token deep into the red. The sharp 18% price dip caused a fair amount of short-term panic among sellers and even managed to shake the confidence of long-term holders.
The fear, uncertainty, and doubt were best seen when looking at Bitcoin’s Network Realized Profit/Loss (NPL) chart, an often overlooked metric that tracks the total ROI of all daily Bitcoin transactions.
To come up with the indicator, Santiment takes each unit of Bitcoin th
We współpracy z: https://cryptoslate.com/this-key-metric-correlates-with-bitcoins-largest-price-drops/
