๐จ BITCOIN UPDATE: MOST BTC HOLDERS ARE IN PROFIT! ๐๐ฅ
According to Glassnode, nearly three-quarters of Bitcoinโs circulating supply is currently in profit. Meanwhile, the average US spot Bitcoin ETF holder is sitting on unusually large unrealized gains. ๐
๐ก What does this mean?
It shows that a large portion of Bitcoin holders are currently in a profitable position. However, if prices rise further, the market could continue moving upward. On the other hand, some holders may decide to take profits, which could create selling pressure.
The big question is: Will Bitcoin continue its upward move, or will profit-taking bring a pullback? ๐ค
What do you think, BTC holders? Bullish or bearish from here? ๐
$BTC
#Bitcoin #Glassnode #BinanceSquare
According to Glassnode, nearly three-quarters of Bitcoinโs circulating supply is currently in profit. Meanwhile, the average US spot Bitcoin ETF holder is sitting on unusually large unrealized gains. ๐
๐ก What does this mean?
It shows that a large portion of Bitcoin holders are currently in a profitable position. However, if prices rise further, the market could continue moving upward. On the other hand, some holders may decide to take profits, which could create selling pressure.
The big question is: Will Bitcoin continue its upward move, or will profit-taking bring a pullback? ๐ค
What do you think, BTC holders? Bullish or bearish from here? ๐
$BTC
#Bitcoin #Glassnode #BinanceSquare
