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19 September 2021

Forget Walmart, Here’s The Real Reason Why Bitcoin Crashed

Forget Walmart, Here’s The Real Reason Why Bitcoin Crashed


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The In/Out of the Money Around Price (IOMAP) indicator, used to measured potential support/resistance levels, indicate that around 150,000 addresses bought Bitcoin in the $42,900 to $44,220 region.

Analyst Checkmate for Glassnode Insights claimed that the recent crash, that saw Bitcoin dropped from $52,000 to $43,000, was triggered by yet more over-leverage positions in the derivatives market.

In addition, the crash was unable to produce a spike in the Entity Adjusted Dormancy metric, used to measure the amount of the Bitcoin supply that exchanges hands in a specific period.

In addition, the HOLD Waves metric, used to measure “age distribution” in the BTC supply suggest that the interest in the crypto market stands at an all time low?

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