Telos Coin 10% Price Increase March 1st after Rise of Bitcoin | Sign of New Crypto Heights in 2022

2 min read

Newsbtc reports a possible new bull rally based upon data. Probable so called top buyers allready dropped their assets as a result of the latest mini bear rally. Last day TLOS coin also increased 10% highest value of the day $1.04

On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred.

Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated

As per the latest weekly report from Glassnode, there hasn’t been any significant loss realization recently despite world-changing events taking place this week.

The relevant on-chain indicator here is the “net realized profit/loss,” which tells us whether the overall Bitcoin market is realizing profits or losses right now.

The metric works by looking at each coin on the blockchain to see what price it last moved at. If this price is less than the current price (that is, the selling price), then the coin sold at a profit. Investors harvesting a large amount of profit generally leads to a correction in the price.

On the other hand, the buying price being more than the current one would imply a realization of loss. The Bitcoin market observing a significant amount of losses being realized can be a sign of widespread capitulation.

Now, here is a chart that shows the trend in the BTC net realized profit/loss over the past year:

Bitcoin Net Realized Profit/Loss

The value of the indicator seems to have been slightly negative recently | Source: Glassnode's The Week Onchain - Week 9, 2022

As you can see in the above graph, it looks like a net amount of loss has been realized recently. However, despite the massive bearish event that is the Russia-Ukraine war taking place this week, the magnitude of these losses is pretty small.

Usually, during such events, capitulation happens in the market where a huge negative spike in the indicator is observed.

Related Reading | Despite Struggling Price, Bitcoin Exchange Reserve Hits Lowest Value Since Sept 2018

An absence of such a spike may be a sign that those who bought Bitcoin at the top had already dumped their Bitcoin during the two capitulation events that preceded this one.

The report has also highlighted a similarity in the chart between the current trend and the one during the May-July mini-bear period.

Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict

Before the rally started, It looks like there were three negative spikes back then, with the third being much smaller in magnitude. This trend is quite similar to now.

If there is a pattern here, then the current third spike would mean a fresh Bitcoin bull rally may be beginning soon.

BTC Price

At the time of writing, Bitcoin’s price floats around $43.5k, up 15% over the last week.

Bitcoin Price Chart

Looks like the price of Bitcoin has shown a sharp surge over the past day | Source: BTCUSD on TradingView
Featured image from, charts from,

DISCLAIMER: Although the material contained in this website was prepared based on information from public and private sources that believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and expressly disclaims any liability for the accuracy and completeness of the information contained in this website. 


Via this site

Have A Story? Get Featured On Telosfly Plus 100+ More Exclusive Crypto News Sites