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Glassnode Reports Realized Losses Remain Low Despite SEC Lawsuit Against Binance and Coinbase

Glassnode, an on-chain analytics firm, has reported that despite the SEC's lawsuit against Binance and Coinbase resulting in volatile market moves and outflows, the magnitude of realized losses remains relatively low at $112 million. This suggests an increased degree of resilience among market participants.

Bitcoin, the largest cryptocurrency, has surprised the market by erasing most of its losses and is currently trading at $26,646. Glassnode highlights key Bitcoin support levels to watch, including the short-term holder cost basis at $26,300, the adjusted realized price at $25,300, and the 200-weekly moving average at $26,400.

Bitcoin Bitcoin $92,809.01
-1.64%
Binance Coinbase Bitcoin
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