More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”
Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United States dollar terms than when their coins entered them.
Profitability fails to match previous market bottoms
As BTC/USD fell to 19-month lows of $17,600 over the weekend, analysts braced for what they assume will turn out to be a retracement…
Source link
