Market insight — 🚨 There was a strange profitability change in Bitcoin in just 2 days.
While less than 50% of the total $BTC supply was in profit two days ago, today this rate increased to 64%. That is, at least 14% of the supply went from loss to profit again in just two days. This is important; Because as the price rises, not only the market value increases, but also the cost level of a very large $BTC group is exceeded again. Therefore, we have seen how strong the 65-70 thousand dollar range works as a support block in Bitcoin.
#CryptoMarket #DeFi #Binance
While less than 50% of the total $BTC supply was in profit two days ago, today this rate increased to 64%. That is, at least 14% of the supply went from loss to profit again in just two days. This is important; Because as the price rises, not only the market value increases, but also the cost level of a very large $BTC group is exceeded again. Therefore, we have seen how strong the 65-70 thousand dollar range works as a support block in Bitcoin.
#CryptoMarket #DeFi #Binance