80% of all BTC held by Bitcoin Holders are in profit
CryptoChan cited data from IntoTheBlock on social media, stating that the black line in the chart represents the BTC price, and the blue line represents the percentage of BTC held by Bitcoin holders (holding BTC on the chain for more than 1 year) that are currently in a profitable state. During the 2016 BTC bull market peak, this on-chain indicator reached 93%. During the 2019 BTC bull market peak, it reached 90%. Currently, the on-chain indicator value is 80%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Evaluating Probability of Ethereum Breaching the $4K Milestone Soon
Ethereum's Potential Bull Run Versus Existing Downward Forces: The Battle for the $4K Mark
What Stage of the Bitcoin Bull are We in? Are We Nearing The End Or Are We Just Getting Started?
Which stage of the bull run are we in in Bitcoin, the world's largest cryptocurrency? Are we nearing the end of the bull run? Here is the analyst forecast.
IOTA Rebased Testnet Onboards Trusted Validators Securing Billions in Assets
NEAR Protocol Supports Web3 AI With New $20M Development Fund
Trending news
MoreCrypto prices
More
