Data on the chains show that the Toncoin investors have a considerable amount of non-realized profit, even after the recent Bearish promotion in the price of the active.
Toncoin still trades a remarkable distance above his realized price
In a new one after On X, the on-chain analysis company Glassnode discussed the latest trend in some indicators with regard to Toncoin. The first measure of relevance is the ‘realized price’, which in short tells us the cost basis of the average investor on the Ton network.
When the spot price of the cryptocurrency is traded above this indicator, this means that the holders as a whole can be assumed to have a net amount of non -realized profit. On the other hand, it implies the dominance of loss in the market under the metric.
Now, here is the graph that is shared by the analysis company, which the trend in the Toncoin has realized the prize in recent years:
As shown in the graph above, the Toncoin price has been above the price realized for a while, which means that the investors generally have a profit. This regulation has not changed, not even after the drawing that the coin recently saw.
Historically, the realized price has performed as a support level for the actively. The reason behind this is the fact that investors can probably respond to dips to their cost base by buying more if the mood in the market is Bullish.
The metriek currently has a value of $ 2.43, which is considerably below the bargain price. Based on the historical pattern, Glassnode notes that the level “remains a crucial level for possible purchasing pressure.”
The next indicator that is shared by the analysis company is the market value and realized value (MVRV) ratio. This metric keeps track of the ratio between the spot price and the realized price of Toncoin.
It is clear from the graph that the ratio has recently fallen and achieved a value of approximately 1.54. “This means that investors are on average ~ 54% non -realized profit,” Glassnode explains.
Although the general market has been able to resist the recent recession, this does not mean that no panic loss has been sold for Toncoin at all. While the graph below shows for the realized loss shows, the buyers who entered the top realized an enormous amount of loss in the price fall.
Tons
At the time of writing, Toncoin acts around $ 3.77, an increase of almost 3% in the last 24 hours.