In this article: IntoTheBlock has revealed that the percentage of bitcoin holders making a profit has dropped to around 75%.
The analyst firm said that this level of investor returns was last seen when the #bitcoin price hit the $39,000 mark.
CryptoQuant analysts suggest that bitcoin could fall further in price in the coming weeks as investors try to cut their losses. IntoTheBlock reported that the percentage of bitcoin holders who are still making a profit has dropped to around 75%. IntoTheBlock revealed that a similar percentage of unprofitable bitcoin holders address was last seen when the bitcoin price fell to 39,000 bitcoins.
IntoTheBlock revealed that X percent of bitcoin holders are still making a profit amid the overall #cryptocurrency market collapse. The analytics company said that even if the price of the digital asset falls below the $50,000 mark, 75 percent of bitcoin holders will still make a profit. Crypto Quant analysts noted that prices could fall further in the coming weeks as traders try to recover from losses.
IntoTheBlock showed the state of bitcoin investors' profits and losses after the cryptocurrency's latest collapse. The analytics company confirmed that the number of bitcoin holders still making profits dropped from 75% to 90% reached a few weeks ago.
When the bitcoin price dropped to $50,000, the percentage of profit holders dropped to 75%.
It is reported that the platform used the percentage of
"historical I/O
" to evaluate the data on the #blockchain . The indicator identified addresses that lead to profits and losses by examining the transaction history.
In IntoTheBlock emphasized that in the 1 week before the failure, the number of addresses of green #MarketDownturn holders exceeded 90%. The analytics company added that the number of monetary addresses has repeatedly remained at 90% over the past few months.
B IntoTheBlock emphasized that the BTC address became monetary for most of 2024.
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