Long Term Holders Appear Optimistic as Most Bitcoin Addresses Are Profitable: Data

Mar 3, 2023

Data from on-chain analytics firm Glassnode shows a full 70% of bitcoin addresses are profitable. CoinDesk's Glenn Williams Jr. noting the "Percent Addresses in Profit" indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom. "All About Bitcoin" host Christine Lee presents "The Chart of The Day."

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