Key Points
- Bitcoin (BTC) has realized $5.42 billion in profits, despite selling pressure and market volatility.
- Bitcoin’s market remains resilient with growing network activity and adoption, even amid potential short-term selling pressure.
Bitcoin (BTC) has realized profits of $5.42 billion, as per market analyst Ali’s data.
This comes as the Sell-side Risk Ratio, a metric evaluating the risk-reward balance for sellers, surged to 0.524% but still remains below historical highs.
Profit vs Loss and Market Resilience
The realized profit figures are significantly higher than realized losses, with profits nearing $8 billion while losses are around $1 billion.
This disparity can be seen as a sign of market optimism, with investors capitalizing on gains rather than selling at a loss.
At the time of writing, Bitcoin was trading above $91,000 with a 24-hour trading volume of $84.43 billion.
Despite a recent correction, BTC’s price increased by just under 4% in the last 24 hours.
Network Activity and Adoption
The rise in Bitcoin’s price has correlated with an increase in network activity.
Data showed an uptick in both new addresses and active addresses, signifying increased participation.
The number of zero balance addresses has remained relatively flat, indicating no significant increase in dormant or abandoned wallets.
On 15 November, net inflows of $128.46 million were recorded, hinting at a possible increase in selling pressure.
However, Bitcoin’s performance has remained strong, supported by periods of accumulation earlier in the year.
Broader Economic Factors
Uncertainty surrounding regulatory policies and national debt levels could influence Bitcoin’s price trajectory.
The new administration may introduce fiscal measures to address debt concerns, which could heighten inflationary risks.
Moreover, with the Bitcoin/Gold ratio peaking at 35, Bitcoin is now valued at 35 times gold’s price, marking a yearly high.
This is a sign of Bitcoin’s ongoing outperformance against traditional assets, even amid macroeconomic uncertainty.
