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
PoolX x Bitget Earn SWTCH promotion
New spot margin trading pair — AVNT/USDT!
Crypto Loan Carnival round 24: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 25: Borrow ETH, SOL to enjoy an APR discount of up to 40%
Crypto prices
More
