That's not hodling! Over 50% of Bitcoin addresses still in profit
The Bitcoin bear market has not yet cost hodlers dear enough, BTC wallet balance data suggests.
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The Bitcoin bear market has not yet cost hodlers dear enough, BTC wallet balance data suggests.
Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?
Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.
Analysts say BTC’s weakness is exacerbated by institutional investors exiting futures markets, but on-chain data hints that Bitcoin is in an early bottoming process.
Bitcoin may rally towards $70,000 as on-chain indicators suggest strong accumulation behavior among long-term hodlers and miners.