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Cryptocurrency News

Three-quarters of BTC addresses still in profit despite market decline: Glassnode

04/12/2022

Less than a minute

2022.04.12 09:35

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.

Source

04/12/2022

Less than a minute