{"id":636937,"date":"2024-08-21T20:30:52","date_gmt":"2024-08-21T20:30:52","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=636937"},"modified":"2024-08-21T11:34:27","modified_gmt":"2024-08-21T11:34:27","slug":"glassnode-bitcoin-price-50000","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","title":{"rendered":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-61000-here-are-the-possible-reasons\/\"><span style=\"font-weight: 400\">has since recovered <\/span><\/a><span style=\"font-weight: 400\">by 20% and <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\"><span style=\"font-weight: 400\">now finds itself trading<\/span><\/a><span style=\"font-weight: 400\"> around just below $60,000, many short-term holders are still sitting in unrealized losses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A recent <\/span><a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-34-2024\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">report <\/span><\/a><span style=\"font-weight: 400\">from Glassnode, a leading blockchain analysis firm, sheds light on the factors contributing to this <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-bull-market-quant-says-heres-why\/\"><span style=\"font-weight: 400\">abrupt market downturn<\/span><\/a><span style=\"font-weight: 400\">. The report suggests that the crash was largely driven by an overreaction from short-term holders, who were quick to liquidate their positions in the face of the initial decline.<\/span><\/p>\n<h2>Bitcoin Short-Term Holders Quick To Capitulate<\/h2>\n<p><span style=\"font-weight: 400\">Short-term holders are typically defined as those investors who hold onto their cryptocurrency assets for a relatively brief period, often around a month or so. As such, they are quickly prone to capitulating during periods of price corrections. This trend has particularly been evident in the latest Bitcoin price correction\/consolidation, which has lasted far longer than many investors expected.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/dogecoin-2\/dogecoin-faces-supply-squeeze-what-this-means-for-price\/\">Dogecoin Faces Supply Squeeze: What This Means For Price<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to Glassnode&#8217;s most recent on-chain report, a key metric known as the STH-MVRV (Market Value to Realized Value) ratio has fallen below the critical equilibrium value of 1.0.\u00a0 When the STH-MVRV ratio dips below 1.0, it suggests that, on average, new investors are holding their Bitcoin at a loss rather than a profit. These unrealized losses, often referred to as paper losses, occur when the market value of an asset is lower than the price at which it was acquired, but the asset has not yet been sold. This is different from realized losses, which arise from completed trades.<\/span><\/p>\n<figure id=\"attachment_636939\" aria-describedby=\"caption-attachment-636939\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-636939\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-1.png?w=460&#038;resize=460%2C265\" alt=\"Bitcoin Glassnode 1\" width=\"460\" height=\"265\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-1.png?w=512 512w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-1.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-636939\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">While periods of brief unrealized loss are common during bull markets, they tend to put selling pressure on the price of Bitcoin. This is because sustained periods of STH-MVRV trading below 1.0 often lead to a higher likelihood of panic and capitulation among short-term holders. Notably, this phenomenon contributed to the Bitcoin crash earlier in the month.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/cardano\/cardano-kicked-out-of-top-10-crypto-by-market-cap\/\">Cardano Kicked Out Of Top 10 Crypto By Market Cap, What\u2019s Going On?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Furthermore, Glassnode&#8217;s report reveals this correlation and selling pressure <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-holders-loss-taking-sign-turnaround-near\/\"><span style=\"font-weight: 400\">might already be taking place<\/span><\/a><span style=\"font-weight: 400\">, with the STH-SOPR (Spent Output Profit Ratio) also trading below 1.0. The STH-SOPR ratio measures the profitability of spent outputs, indicating whether assets are being sold at a profit or loss. What this essentially means is that many short-term investors are more taking realized losses than profit. This follows the claim that many short-term holders have been overreacting to the price corrections.\u00a0<\/span><\/p>\n<figure id=\"attachment_636940\" aria-describedby=\"caption-attachment-636940\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-636940\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-2.png?w=460&#038;resize=460%2C265\" alt=\"Bitcoin Glassnode 2\" width=\"460\" height=\"265\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-2.png?w=512 512w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Glassnode-2.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-636940\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">While short-term holders <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/over-80-of-short-term-bitcoin-holders-underwater\/\"><span style=\"font-weight: 400\">have carried most<\/span><\/a><span style=\"font-weight: 400\"> of the losses across the recent downturn, long-term holders remain strong. At the time of writing, Bitcoin is trading at $59,540 and is down by 2.15% in the past 24 hours.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/fBSPKrt8\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">BTC price struggles to break $60,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered by 20% and now finds itself trading around just below $60,000, many short-term holders are still sitting in unrealized losses.\u00a0 A recent report from Glassnode, a leading blockchain analysis firm, sheds light on the factors contributing to this abrupt market downturn. The report suggests that the crash was largely driven by an overreaction from short-term holders, who were quick to liquidate their positions in the face of the initial decline. Bitcoin Short-Term Holders Quick To Capitulate Short-term holders are typically defined as those investors who hold onto their cryptocurrency assets for a relatively brief period, often around a month or so. As such, they are quickly prone to capitulating during periods of price corrections. This trend has particularly been evident in the latest Bitcoin price correction\/consolidation, which has lasted far longer than many investors expected.\u00a0 Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price According to Glassnode&#8217;s most recent on-chain report, a key metric known as the STH-MVRV (Market Value to Realized Value) ratio has fallen below the critical equilibrium value of 1.0.\u00a0 When the STH-MVRV ratio dips below 1.0, it suggests that, on average, new investors are holding their Bitcoin at a loss rather than a profit. These unrealized losses, often referred to as paper losses, occur when the market value of an asset is lower than the price at which it was acquired, but the asset has not yet been sold. This is different from realized losses, which arise from completed trades. While periods of brief unrealized loss are common during bull markets, they tend to put selling pressure on the price of Bitcoin. This is because sustained periods of STH-MVRV trading below 1.0 often lead to a higher likelihood of panic and capitulation among short-term holders. Notably, this phenomenon contributed to the Bitcoin crash earlier in the month. Related Reading: Cardano Kicked Out Of Top 10 Crypto By Market Cap, What\u2019s Going On? Furthermore, Glassnode&#8217;s report reveals this correlation and selling pressure might already be taking place, with the STH-SOPR (Spent Output Profit Ratio) also trading below 1.0. The STH-SOPR ratio measures the profitability of spent outputs, indicating whether assets are being sold at a profit or loss. What this essentially means is that many short-term investors are more taking realized losses than profit. This follows the claim that many short-term holders have been overreacting to the price corrections.\u00a0 While short-term holders have carried most of the losses across the recent downturn, long-term holders remain strong. At the time of writing, Bitcoin is trading at $59,540 and is down by 2.15% in the past 24 hours.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":636964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-636937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000<\/title>\n<meta name=\"description\" content=\"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T20:30:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-21T11:34:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000\",\"datePublished\":\"2024-08-21T20:30:52+00:00\",\"dateModified\":\"2024-08-21T11:34:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\",\"name\":\"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\",\"datePublished\":\"2024-08-21T20:30:52+00:00\",\"dateModified\":\"2024-08-21T11:34:27+00:00\",\"description\":\"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin crash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000","description":"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","og_locale":"en_US","og_type":"article","og_title":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000","og_description":"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.","og_url":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-21T20:30:52+00:00","article_modified_time":"2024-08-21T11:34:27+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000","datePublished":"2024-08-21T20:30:52+00:00","dateModified":"2024-08-21T11:34:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/"},"wordCount":531,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","url":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","name":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","datePublished":"2024-08-21T20:30:52+00:00","dateModified":"2024-08-21T11:34:27+00:00","description":"Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market.","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin crash"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000","url":"http:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/bitcoin\/glassnode-bitcoin-price-50000\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-08-21T20:30:52Z","datePublished":"2024-08-21T20:30:52Z","dateModified":"2024-08-21T20:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/glassnode-bitcoin-price-50000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/glassnode-bitcoin-price-50000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-crash-4.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-crash-4.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-08-21T20:30:52Z\",\"datePublished\":\"2024-08-21T20:30:52Z\",\"dateModified\":\"2024-08-21T20:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin-crash-4.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/636937"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=636937"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/636937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/636964"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=636937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=636937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=636937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}