Open Positions Report: Where's the money in the crypto market? Bitcoin, Ethereum, Litecoin, Bitcoin Cash


  • Open positions report informs us of critical price levels.
  • It is amazing the volume of addresses with an average price close to zero.
  • The 2017 boom left a lot of buys out of the money.

The basic concept of trading is to buy cheap and sell expensive. It is simple but in the world of trading conditions change very fast. 

The perception of the value of an asset changes rapidly, and with it, the price someone is willing to pay. But the price paid for something is also important. Except in cases of need for liquidity or fear of losing, even more, no one sells below the cost price of their product.

In the world of trading stocks, currencies, or commodities, these magnitudes can be measured using option positions. In the crypto market, tools such as those provided by Intotheblock provide us with this information.

 

The In/Out of the Money tool

This tool provides us with information about the position in which the holders of a cryptocurrency are. This information defines three possible areas:

-In the Money: Defines the number of active addresses that are in profit. That is, if they sold their positions, they would make money.

-Out of the Money: Defines the number of active addresses that are losing money. In other words, if they sold their adpositions, they would lose money.

-At the Money: Defines the amount of addresses that are neutral. In other words, if they sold their positions, the result would be more or less neutral for their account.

Now let's see how these magnitudes are distributed in thee 4 top cryptocurrencies by capitalization.

 

Bitcoin

In the distribution of positions in Bitcoin, there are currently 16.31 Mill of addresses (57.37%) In the Money, 10.91 Mill of addresses (38.39%) Out of Money and 1.21 Mill of addresses At the Money (4.24%).

The highest concentration of winning positions is in a range between $944 to $4,386 (2.8 Mill Bitcoins). 

The highest concentration of losing positions are in the range between $10,051 and $19,310 (2.5 Mill Bitcoins).

Source: Intotheblock

The most remarkable information is the large volume of positions bought in the highest price range, which supports the idea that the price would tend to go up. In normal conditions, these buyers at high levels will not sell their Bitcoins. 

It is also important to highlight the number of Bitcoins (1.2 Mill) quantified at zero or quasi zero cost. These are Bitcoins mined in the first moments. This group represents the biggest threat to the price.

 

Ethereum

In the distribution of positions in the Ethereum, there are 3.71 Mill of addresses (11.09%) In the  Money, 28.89 Mill of addresses (86.47%) Out of Money and 227.2 K of addresses At the Money (2.43%).

The highest concentration of winning positions is between $0.01 to $145.67 (34.5 Mill Ethereums). 

The largest concentration of losing positions are in the range between $153 and $175.86 (12.6 Mill Ethereums).

Source: Intotheblock

The most remarkable information is that the largest group in losses is just above the current price, which would be a reason for it to cost so much to exceed that level between $153 and $175 to the ETH/USD pair. There are many people who, when the price reaches these levels, will be making money and might be tempted to sell. These sales consume upside potential and complicate evolving to higher rates.

 

Bitcoin Cash

In the distribution of positions in Bitcoin Cash, currently, there are 14.8 Mill of addresses (84.77%) In the Money, 2.57 Mill of addresses (14.70%) Out of Money, and 93.5 K of addresses At the Money (0.54%).

The highest concentration of winning positions is in a range from $0.00 to $0.00 (5.95 Mill BCH). 

The largest concentration of losing positions are in the range between $246 and $320 (1.82 Mill BCH).

Source: Intotheblock

The most remarkable information is that the highest concentration of winning positions is at 0 costs, so they are tokens obtained in the fork process, distributed among the Bitcoin forks. 

It is also interesting to see how few addresses there are in the current range, ranging from $208 to $220. At this price level, there should be very little resistance, as few traders are willing to sell.

 

Litecoin

In the distribution of positions in Litecoin, currently are 571 K of addresses (15.14%) In the Money, 3.12 Mill of addresses (82.51%) Out of Money, and 88.6 K of addresses At the Money (2.35%).

The highest concentration of winning positions is between $28.4 to $44.5 (15.7 Mill from Litecoins). 

The largest concentration of losing positions are in the range between $73.5 and $94.3 (9.4 Mill of Litecoins).

Source: Intotheblock

The most remarkable information is that the current price rests directly on the largest volume of traders who are in the money, so they have no anxiety to sell and thus give strength to the ongoing supports.

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

XRP Price Prediction: Bearish technicals, on-chain indicators signal 68% potential crash

XRP Price Prediction: Bearish technicals, on-chain indicators signal 68% potential crash

XRP faces increasing bearish sentiment from macro, micro and fundamental factors in April. Weak on-chain indicators ranging from network growth, total supply and active addresses reinforce an impending crash.

More Ripple News
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto markets

Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto markets

Bitcoin price hovers around $83,000 on Thursday after it failed to close above the $85,000 resistance level the previous day. Volatility fueled by Trump’s tariffs swept $200 billion from total market capitalization, liquidating over $178 million in BTC.

More Bitcoin News
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX

SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX

Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain. 

More Solana News
Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch

Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch

Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch. This milestone reflects growing adoption and Shibarium’s robust performance.

More Shiba Inu News
Bitcoin: BTC remains calm before a storm

Bitcoin: BTC remains calm before a storm

Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP