TOKENPOST
1 min read
Add as a preferred source on Google

Bitcoin Sellers Log Longest Daily Net Loss Run Since Mid-August

Loss-selling episodes in August and September coincided with interim lows. The current episode would be near one if BTC holds above $75,000.

By Enna Lee
Published
Mentioned assets
A chipped gold token rests beneath a narrow stone ledge / TokenPost.ai
A chipped gold token rests beneath a narrow stone ledge / TokenPost.ai

Loss-taking by Bitcoin (BTC) sellers continued below $80,000, while last week's run of daily net realized losses was the longest since mid-August.

Earlier waves of loss-heavy selling in August and September each coincided with interim lows. The latest wave would also be near an interim low if BTC stays above $75,000.

Loss selling below $80,000 follows Bitcoin loss selling above $80,000 covered earlier.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…