Cryptocurrency News
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
2022.04.12 09:35
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit.
In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in profit and found that around 70% to 75% of addresses are seeing an unrealized profit, much higher than the 45% to 50% of addresses during the 2018 bear market.
