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40% Bitcoin holders kena trapped at top

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10-05-2022, 06:20 PM

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40% Bitcoin holders kena trapped at top

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...

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