Realized loss measures the value of all coins moved at a lower price than they were purchased. This way measures the total amount of losses sold at a loss. On December 4, there was a sharp drop in the BTC price, which fell to $ 60,000 from levels close to $ 42,000 a week ago. This led to realized losses, which increased to $ 1.233 billion, the third-highest yearly value to date.
Bloomberg's Mike McGlone Expects Bullish on Bitcoin and Ethereum in 2022
McGlone says that 2022 will be a good year for both Bitcoin and gold as they are stores of value that benefit from hedge positions. McGlone pointed to commodities peaking in 2022 as catalysts for reviving "deflationary forces" and the declining yield on the US Treasury long bond, which would trigger the rise for Bitcoin, Ethereum, and gold assets.
Market Sentiment Is On "Extreme Fear"
On December 6, 2021, the Bitcoin (BTC) "Fear and Greed" index touched the 16/100 level for the first time in nearly five months. The level had surged, but on Saturday it was fixed at an ultra-low level.
Bitcoin Could Explode by 1,000% From Here, According to ARK Invest’s Cathie Wood
Cathie Wood, founder and CEO of ARK Invest, says that Bitcoin (BTC) has the potential to rise on the path of a price movement of over half a billion dollars. Woods said in a CNBC interview that ARK Invest's institutional investors envision a scenario in which Bitcoin can increase its current value by $500,000. "We think that institutions switching to Bitcoin could add $500,000 to the price of Bitcoin."
90 of All 21 Million Bitcoin Have Been Mined
According to data from the Clark Moody Bitcoin Dashboard, more than 90% of the total amount of Bitcoin ever exists already been mined. A sudden and strong supply shock may become inevitable as the Bitcoin network progresses in awareness and use worldwide, fueling the growing demand for BTC.
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