Bitcoin Shaking Out Weak Hands as Battle for $10,000 Continues: Data by wadamet

View this thread on steempeak.com
· @wadamet ·
$0.02
Bitcoin Shaking Out Weak Hands as Battle for $10,000 Continues: Data
<center><img src='https://u.today/sites/default/files/styles/1200x/public/2020-09/4635.jpg?itok=7i_nMEeu' alt='STEEM POSTS' /></center>  

#####

 <p>Bitcoin's Spent Output Profit Ratio (SOPR), the metric that determines the profit ratio of BTC moved on-chain, has dipped below 1 for the first time since April, according to data provided by Glassnode.<br>&nbsp;</p><p>Cryptocurrency <a href="https://twitter.com/n3ocortex/status/1302924894653554689">analyst Rafael Schultze-Kraft</a> says that the market is already shaking out some weak hands.</p><h2>&nbsp;</h2><p>As explained by <a href="https://twitter.com/renato_shira/status/1121517734574133249">on-chain researcher Renato Shirakashi</a>, the creator of the SOPR indicator, it simply divides the realized value by the dollar value of every created output.<br><br>When SOPR drops below 1, it means that holders are cashing out their BTC at a loss during a market downturn.</p> 

#####

 <br><center><a href='https://dlike.io/post/@wadamet/bitcoin-shaking-out-weak-hands-as-battle-for-10000-continues-data'>Shared On DLIKE</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
👍  , ,
properties (23)
post_id87,414,895
authorwadamet
permlinkbitcoin-shaking-out-weak-hands-as-battle-for-10000-continues-data
categoryhive-116221
json_metadata"{"community":"dlike","app":"dlike\/3","format":"html","image":["https:\/\/u.today\/sites\/default\/files\/styles\/1200x\/public\/2020-09\/4635.jpg?itok=7i_nMEeu"],"url":"https:\/\/u.today\/bitcoin-shaking-out-weak-hands-as-battle-for-10000-continues-data","body":"<p>Bitcoin's Spent Output Profit Ratio (SOPR), the metric that determines the profit ratio of BTC moved on-chain, has dipped below 1 for the first time since April, according to data provided by Glassnode.<br>&nbsp;<\/p><p>Cryptocurrency <a href=\"https:\/\/twitter.com\/n3ocortex\/status\/1302924894653554689\">analyst Rafael Schultze-Kraft<\/a> says that the market is already shaking out some weak hands.<\/p><h2>&nbsp;<\/h2><p>As explained by <a href=\"https:\/\/twitter.com\/renato_shira\/status\/1121517734574133249\">on-chain researcher Renato Shirakashi<\/a>, the creator of the SOPR indicator, it simply divides the realized value by the dollar value of every created output.<br><br>When SOPR drops below 1, it means that holders are cashing out their BTC at a loss during a market downturn.<\/p>","type":"share","category":"Cryptocurrency","tags":["hive-116221","dlike","palnet","glassnode"]}"
created2020-09-07 22:34:33
last_update2020-09-07 22:34:33
depth0
children1
net_rshares76,420,099,956
last_payout2020-09-14 22:34:33
cashout_time1969-12-31 23:59:59
total_payout_value0.009 SBD
curator_payout_value0.010 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,180
author_reputation-138,392,039,973
root_title"Bitcoin Shaking Out Weak Hands as Battle for $10,000 Continues: Data"
beneficiaries
0.
accountdlike
weight750
1.
accountdlike.fund
weight250
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@steemcleaners ·
$1.38
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
👍  , ,
👎  , ,
properties (23)
post_id87,420,095
authorsteemcleaners
permlinkqgc01f
categoryhive-116221
json_metadata{"app":"steemit\/0.2"}
created2020-09-08 08:39:15
last_update2020-09-08 08:39:15
depth1
children0
net_rshares3,677,116,630,765
last_payout2020-09-15 08:39:15
cashout_time1969-12-31 23:59:59
total_payout_value0.692 SBD
curator_payout_value0.693 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length242
author_reputation3,004,538,530,204,693
root_title"Bitcoin Shaking Out Weak Hands as Battle for $10,000 Continues: Data"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (6)