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Bitcoin: The number of break even addresses (INTOTHEBLOCK:BTC_BREAKEVENADDRESSES)

INTOTHEBLOCK:BTC_BREAKEVENADDRESSES Bitcoin: The number of break even addresses

Fundamental Analysis Beyond Technical Analysis

I am so excited with new Tradingview data offering from INTOTHEBLOCK and DEfiLlama. I am an Intotheblock user for a while, and I am going to describe on short, some benefits that you can get from their data. Please note that the interpretation over price expectation are personal opinions, and might be different than what INTOTHEBLOCK suggest in some occasions. I strongly advise that you should make your own research over the information or data you get, and how to interpret them.

There is so much data where you can have access now, but I have chosen only 8 charts with different data, and I am going to provide some brief personal interpretation over them, together with a link to INTOTHEBLOCK official website related to my charts, from where you can see educational and informational description over the data they are providing.

1. The amount off asset hold by investors - An investor is defined as and address holding between 0,1% and 1% from total coin supply.
Personal opinion: An increase in these numbers are seen as positive, with a potential increase in the price, while a decrease, is the opposite.
Link to more info -

2. The number of whales – Address with over 1% from the total coin supply. At the moment you can see only 1 address holding over 1%.
Personal opinion: Together with BTC price increase, it will be more and more difficult to see addresses with over 1%, but if BTC will fall down, lets say under 10k, we might see more 1% addresses, which will be a positive sign.
Link to more info-

3. The number of traders addresses - All the addresses with average holding period of under 1 month are considered, traders addresses.
Personal Opinion: An increase in traders addresses, is a positive signal, while a decrease is a negative.
Link to more info -

4. The number of holders addresses – It refers to addresses that are holding the coin for a period of over 1 year.
Personal opinion: People needs to sell in order to cash out profits, so increase in holding addresses, it means that actual market price is not considered good for cashing out in profit, but it might be a good time to become a holder.
Link to more info -

5. Number of break even address – Addresses that are not making money at BTC actual price,, but they are not loosing also.
Personal opinion: These reflects the actual market situation, at the current every day price. Less BE addresses at lower price is positive, than high number of BE at higher prices. This is because if they are many addresses BE at higher prices, a collapse might come if price falls down. If you look at this chart and at BTC chart, you will see that BTC entered a bear market with the last high concentration of BE addresses, around November last year.
Link to more info -

6. Number of addresses with realized loses – This is a simple out of the money definition.
Personal opinion: A good indication over market sentiment in relation with market reality. As example If the price of BTC is falling, and this graphic is increasing, than it might be a good indication that bulls are loosing, and you might want to be a seller.
Link to more info-

7. Number of addresses with realized profit – This is a simple in to the money definition.
Personal opinion: If this graphics is increasing, and the price of BTC is falling, than is a signal that sellers are making money, and you might want to be also a seller.
Link to more info -

8. Number of retail users – This are addresses with less than 0.1% from the coin supply.
Personal opinion: Retail users are the majority of the addresses, and an increase in number of users, I consider to be a good positive indicator for long term investing. I call this, the popularity indicator.
Link to more info -

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