Around 60% of Bitcoin Holders Are in Profit

Despite recent slumps in price, @ 60% of Bitcoin holders are in profit – and these “slumps” aren’t going to last long

Around 60% of Bitcoin Holders Are in Profit Despite the Current Bearish Price Action

“Meanwhile, another crucial point to note is the resilience of the Bitcoin HODLers (Holding On for Dear Life) in the market. Data by IntoTheBlock revealed that around 58% of the holders have held the largest coin for over a year, while around 34% of holders have held it for a period 1 month to 12 months. The rest of the composition appears to be that of short-term traders. Having said that, Glassnode had also noted in its weekly analysis that the network profitability has improved in the HODLer-dominated market, thus, indicating ‘significant re-accumulation.’ These are usually the buyers who remain ‘In The Money’.”

https://beincrypto.com/around-60-of-bitcoin-holders-are-in-profit/

 

Master Asked on April 14, 2022 in Bitcoin.
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