2024

Value

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin’s wallet returns are down 1.9%, signaling losses for many traders since October.</strong></li>
 <li><strong>Despite the price rise, the MVRV metric shows many traders are currently at a loss.</strong></li>
 <li><strong>New Bitcoin addresses keep growing, but the pace has slowed by 10% in the past week.</strong></li>
</ul>
<p>As of December 2024, Bitcoin’s active wallets show a -1.9% return, marking the lowest average wallet returns since the start of the bull rally on October 10.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> When looking to buy low (or sell high), don't just look at prices… Look at how competing traders have performed. Bitcoin's average returns (based on wallets making at least 1 transfer in the past 30 days) have a -1.9% return, despite BTC's all-time high happening just over 3… <a href="https://t.co/vAXZMFCmjt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/vAXZMFCmjt</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1869942260529344584?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 20, 2024</a>
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<p>This suggests that many traders, particularly those who entered during the euphoria after Bitcoin’s all-time high, now have losing positions.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-price-surge-and-declining-investor-interest">Bitcoin’s Price Surge and Declining Investor Interest</h2>
<p>However, Bitcoin’s price grew by 61% since mid-October, which shows that the market continues to push higher, even as investor interest declines.</p>
<p>The 30-day Market Value to Realized Value (MVRV) s…</p>
<p>The post <a href="https://coinedition.com/bitcoin-price-rises-but-wallet-activity-hits-a-low-point/" rel="noopener noreferrer nofollow">Bitcoin Price Rises, but Wallet Activity Hits a Low Point</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Price Rises, but Wallet Activity Hits a Low Point

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