• bitcoinBitcoin (BTC) $ 67,366.00
  • ethereumEthereum (ETH) $ 3,250.93
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 597.99
  • solanaSolana (SOL) $ 153.54
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,235.04
  • xrpXRP (XRP) $ 0.543227
  • dogecoinDogecoin (DOGE) $ 0.172355
  • the-open-networkToncoin (TON) $ 6.46
  • cardanoCardano (ADA) $ 0.491752
  • avalanche-2Avalanche (AVAX) $ 39.15
  • shiba-inuShiba Inu (SHIB) $ 0.000024
  • bitcoin-cashBitcoin Cash (BCH) $ 531.39
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,227.00
  • tronTRON (TRX) $ 0.114313
  • polkadotPolkadot (DOT) $ 7.06
  • chainlinkChainlink (LINK) $ 14.84
  • matic-networkPolygon (MATIC) $ 0.758087
  • litecoinLitecoin (LTC) $ 85.63
  • internet-computerInternet Computer (ICP) $ 13.65
  • nearNEAR Protocol (NEAR) $ 5.75
  • uniswapUniswap (UNI) $ 7.91
  • leo-tokenLEO Token (LEO) $ 5.77
  • daiDai (DAI) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 29.16
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.01
  • aptosAptos (APT) $ 9.82
  • blockstackStacks (STX) $ 2.68
  • mantleMantle (MNT) $ 1.16
  • crypto-com-chainCronos (CRO) $ 0.139452
  • cosmosCosmos Hub (ATOM) $ 9.26
  • bittensorBittensor (TAO) $ 530.15
  • filecoinFilecoin (FIL) $ 6.45
  • stellarStellar (XLM) $ 0.114872
  • okbOKB (OKB) $ 53.82
  • vechainVeChain (VET) $ 0.042925
  • hedera-hashgraphHedera (HBAR) $ 0.086280
  • immutable-xImmutable (IMX) $ 2.17
  • render-tokenRender (RNDR) $ 8.04
  • arbitrumArbitrum (ARB) $ 1.13
  • kaspaKaspa (KAS) $ 0.123582
  • dogwifcoindogwifhat (WIF) $ 2.78
  • makerMaker (MKR) $ 2,941.59
  • the-graphThe Graph (GRT) $ 0.264490
  • pepePepe (PEPE) $ 0.000006
  • optimismOptimism (OP) $ 2.42
  • theta-tokenTheta Network (THETA) $ 2.46
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • injective-protocolInjective (INJ) $ 26.37
  • wrapped-eethWrapped eETH (WEETH) $ 3,350.45
  • fetch-aiFetch.ai (FET) $ 2.15
  • moneroMonero (XMR) $ 119.13
  • fantomFantom (FTM) $ 0.765023
  • thorchainTHORChain (RUNE) $ 5.97
  • lido-daoLido DAO (LDO) $ 2.13
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,583.04
  • ethenaEthena (ENA) $ 1.29
  • galaGALA (GALA) $ 0.047593
  • bitget-tokenBitget Token (BGB) $ 1.25
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,322.12
  • arweaveArweave (AR) $ 24.42
  • celestiaCelestia (TIA) $ 9.00
  • suiSui (SUI) $ 1.21
  • algorandAlgorand (ALGO) $ 0.190953
  • flokiFLOKI (FLOKI) $ 0.000158
  • bitcoin-svBitcoin SV (BSV) $ 77.73
  • flowFlow (FLOW) $ 1.02
  • quant-networkQuant (QNT) $ 104.46
  • sei-networkSei (SEI) $ 0.558540
  • aaveAave (AAVE) $ 99.55
  • neoNEO (NEO) $ 20.43
  • jupiter-exchange-solanaJupiter (JUP) $ 1.03
  • coredaoorgCore (CORE) $ 1.58
  • beam-2Beam (BEAM) $ 0.026732
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ribbon-financeRibbon Finance (RBN) $ 1.40
  • zebec-protocolZebec Network (ZBCN) $ 0.026173
  • whitebitWhiteBIT Coin (WBT) $ 9.07
  • dydx-chaindYdX (DYDX) $ 2.81
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,185.31
  • flare-networksFlare (FLR) $ 0.033620
  • ordinalsORDI (ORDI) $ 61.09
  • nervos-networkNervos Network (CKB) $ 0.028919
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.95
  • elrond-erd-2MultiversX (EGLD) $ 43.47
  • ecasheCash (XEC) $ 0.000059
  • the-sandboxThe Sandbox (SAND) $ 0.510711
  • axie-infinityAxie Infinity (AXS) $ 8.00
  • bonkBonk (BONK) $ 0.000017
  • wormholeWormhole (W) $ 0.612855
  • starknetStarknet (STRK) $ 1.52
  • singularitynetSingularityNET (AGIX) $ 0.849465
  • tezosTezos (XTZ) $ 1.11
  • eosEOS (EOS) $ 0.942937
  • havvenSynthetix Network (SNX) $ 3.24
  • conflux-tokenConflux (CFX) $ 0.270913
  • chilizChiliz (CHZ) $ 0.117873
  • ondo-financeOndo (ONDO) $ 0.703916
  • gatechain-tokenGate (GT) $ 7.51
  • kucoin-sharesKuCoin (KCS) $ 10.09
  • roninRonin (RON) $ 3.11
  • worldcoin-wldWorldcoin (WLD) $ 5.24
  • decentralandDecentraland (MANA) $ 0.514366
  • msolMarinade staked SOL (MSOL) $ 178.09
  • pyth-networkPyth Network (PYTH) $ 0.639596
  • jasmycoinJasmyCoin (JASMY) $ 0.019202
  • cheeleeCheelee (CHEEL) $ 15.99
  • mina-protocolMina Protocol (MINA) $ 0.838488
  • gnosisGnosis (GNO) $ 343.75
  • heliumHelium (HNT) $ 5.29
  • kavaKava (KAVA) $ 0.783384
  • akash-networkAkash Network (AKT) $ 3.70
  • iotaIOTA (IOTA) $ 0.262542
  • apecoinApeCoin (APE) $ 1.29
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.22
  • echelon-primeEchelon Prime (PRIME) $ 21.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,273.57
  • frax-etherFrax Ether (FRXETH) $ 3,212.88
  • dexeDeXe (DEXE) $ 13.08
  • nexoNEXO (NEXO) $ 1.32
  • klay-tokenKlaytn (KLAY) $ 0.201558
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000035
  • usddUSDD (USDD) $ 0.999166
  • mantra-daoMANTRA (OM) $ 0.903892
  • bitcoin-goldBitcoin Gold (BTG) $ 41.76
  • aioz-networkAIOZ Network (AIOZ) $ 0.674879
  • aerodrome-financeAerodrome Finance (AERO) $ 1.78
  • dydxdYdX (ETHDYDX) $ 2.32
  • swethSwell Ethereum (SWETH) $ 3,415.04
  • lido-staked-solLido Staked SOL (STSOL) $ 178.56
  • oasis-networkOasis Network (ROSE) $ 0.103295
  • axelarAxelar (AXL) $ 1.10
  • osmosisOsmosis (OSMO) $ 1.04
  • corgiaiCorgiAI (CORGIAI) $ 0.001993
  • illuviumIlluvium (ILV) $ 103.48
  • fraxFrax (FRAX) $ 0.998965
  • radixRadix (XRD) $ 0.061729
  • astarAstar (ASTR) $ 0.112352
  • theta-fuelTheta Fuel (TFUEL) $ 0.096873
  • blurBlur (BLUR) $ 0.413799
  • wemix-tokenWEMIX (WEMIX) $ 1.66
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000106
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,451.07
  • pendlePendle (PENDLE) $ 6.27
  • altlayerAltLayer (ALT) $ 0.479782
  • based-brettBrett (BRETT) $ 0.073213
  • dymensionDymension (DYM) $ 3.64
  • iotexIoTeX (IOTX) $ 0.062993
  • woo-networkWOO (WOO) $ 0.317598
  • tether-goldTether Gold (XAUT) $ 2,346.04
  • curve-dao-tokenCurve DAO (CRV) $ 0.478827
  • fasttokenFasttoken (FTN) $ 1.79
  • xdce-crowd-saleXDC Network (XDC) $ 0.039602
  • 1inch1inch (1INCH) $ 0.471208
  • book-of-memeBOOK OF MEME (BOME) $ 0.009751
  • ocean-protocolOcean Protocol (OCEAN) $ 0.881011
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,482.42
  • manta-networkManta Network (MANTA) $ 2.10
  • enjincoinEnjin Coin (ENJ) $ 0.363400
  • mx-tokenMX (MX) $ 5.21
  • true-usdTrueUSD (TUSD) $ 1.00
  • skaleSKALE (SKL) $ 0.098816
  • zilliqaZilliqa (ZIL) $ 0.027972
  • memecoin-2Memecoin (MEME) $ 0.032398
  • ether-fiEther.fi (ETHFI) $ 4.30
  • apenftAPENFT (NFT) $ 0.00000050
  • ankrAnkr Network (ANKR) $ 0.048280
  • qtumQtum (QTUM) $ 4.64
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 61.41
  • siacoinSiacoin (SC) $ 0.008422
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.38
  • terra-luna-2Terra (LUNA) $ 0.673293
  • stepnGMT (GMT) $ 0.240068
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • 0x0x Protocol (ZRX) $ 0.539768
  • celoCelo (CELO) $ 0.855595
  • holotokenHolo (HOT) $ 0.002553
  • compound-wrapped-btccWBTC (CWBTC) $ 1,351.37
  • rocket-poolRocket Pool (RPL) $ 22.26
  • aelfaelf (ELF) $ 0.616975
  • ravencoinRavencoin (RVN) $ 0.032166
  • project-galaxyGalxe (GAL) $ 4.19
  • ethereum-pow-iouEthereumPoW (ETHW) $ 4.08
  • biconomyBiconomy (BICO) $ 0.588240
  • polymeshPolymesh (POLYX) $ 0.428290
  • jeo-bodenJeo Boden (BODEN) $ 0.623401
  • basic-attention-tokenBasic Attention (BAT) $ 0.289674
  • pax-goldPAX Gold (PAXG) $ 2,337.32
  • golemGolem (GLM) $ 0.422095
  • frax-shareFrax Share (FXS) $ 5.42
  • amp-tokenAmp (AMP) $ 0.007509
  • superfarmSuperVerse (SUPER) $ 0.920943
  • compound-governance-tokenCompound (COMP) $ 59.77
  • raydiumRaydium (RAY) $ 1.58
  • stader-ethxStader ETHx (ETHX) $ 3,315.92
  • safepalSafePal (SFP) $ 0.874556
  • origintrailOriginTrail (TRAC) $ 0.992013
  • jito-governance-tokenJito (JTO) $ 3.41
  • pixelsPixels (PIXEL) $ 0.503746

Bitcoin price metric copies move that last came before -25% FTX crash

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Bitcoin (BTC) could have dropped much more last week after one on-chain metric repeated its move from the FTX crash.

As noted on Sep. 5 by James Straten, research and data analyst at crypto insights firm CryptoSlate, the SLRV Ratio has “flipped” for the first time since November 2022.

Bitcoin SLRV Ratio channels FTX warning

BTC price weakness is getting market observers ready for a drop toward $23,000, but the fallout from Bitcoin’s August comedown could have been much worse.

According to the Short to Long-Term Realized Value (SLRV) Ratio, a spike in sales of “older” bitcoins occurred in mid-August.

Devised by famed analyst David Puell and ARK Invest, SLRV uses the popular HODL Waves metric to track Bitcoin on-chain velocity.

HODL Waves split up the circulating BTC supply by the age of coins used in transactions. SLRV takes coins that previously moved within the past 24 hours and divides them by those which previously moved between six and twelve months ago.

The metric also includes two moving averages — the 30-day and 150-day trendlines — and crossovers between these have coincided with key BTC price events.

Just before the FTX meltdown, the 150-day line crossed the 30-day line — and in mid-August, the phenomenon repeated for the first time since then.

“SLRV ribbons inverted on August 13, three days before Bitcoin drops to $25k. Last time the metric inverted was just before the FTX collapse,” Staten wrote in part of commentary on a chart of SLRV from on-chain analytics firm Glassnode.

Bitcoin price metric copies move that last came before -25% FTX crash

Bitcoin SLRV Ratio chart. Source: James Straten/X

Speculators wind down BTC exposure

Previous analysis has meanwhile paid close attention to behavior of Bitcoin investor cohorts.

Those hodling BTC for 155 days or less, known as short-term holders or speculators, compared to longer-term hodlers, are of particular interest to Glassnode, on-chain analytics platform CryptoQuant and others.

The short-term holder cost basis — the aggregate price at which STHs accumulated their share of the BTC supply — previously acted as market support, but this appears to no longer be the case.

The STH cost basis currently sits above spot price, with Straten reporting that speculators sold en masse at a loss since late August.

Data from CryptoQuant shows the price at which various coins used in transactions last moved.

Bitcoin price metric copies move that last came before -25% FTX crash

Bitcoin transaction realized price by age band chart (screenshot). Source: CryptoQuant

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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