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14-03-2023, 10:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.
That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at around $69,000.
In the last month alone, 15.5% of all bitcoin wallets fell into an unrealized loss, as the world’s most popular cryptocurrency plunged to the $31,000 level, tracking...
Read more (https://www.sammyboy.com/threads/40-bitcoin-holders-kena-trapped-at-top.321125/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/40-bitcoin-holders-kena-trapped-at-top.321125/).
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.
That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at around $69,000.
In the last month alone, 15.5% of all bitcoin wallets fell into an unrealized loss, as the world’s most popular cryptocurrency plunged to the $31,000 level, tracking...
Read more (https://www.sammyboy.com/threads/40-bitcoin-holders-kena-trapped-at-top.321125/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/40-bitcoin-holders-kena-trapped-at-top.321125/).