2023-10-31 15:33:06
According to the latest report from analytics firm Glassnode, 80% of bitcoin holders are in profit – even though the price of BTC is still 50% below its all-time high. As of October 30, the data shows that 39.1 million bitcoin addresses were in profit, surpassing the peak of 38.1 million in November 2021. At that time, the price of BTC reached an all-time high. At the current exchange rate, just over 9 million bitcoin holders are at a loss—compared to over 20 million in December 2022, when FTX filed for bankruptcy. Related: The billionaire laments: “I made a big mistake, I don’t have bitcoins” The BTC price BTC PRICE has broken through several resistance levels in the past week. Whales with significant capital were very active during the period when bitcoin crossed the $35,000 level. However, according to some data, not only corporate investors were on the move, small investors were also on the move, thanks to which the bull market trend can remain sustainable. The difference between short-term and long-term planners was still clearly defined; According to James Van Straten, a researcher at CryptoSlate, hodlers have moved less, but active traders have now exited with one of the biggest profits in the past two years. Meanwhile, someone withdrew more than 19,000 BTC from the Binance cryptocurrency exchange, sparking speculation and controversy among analysts and investors.
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