Will its price continue to fall? It may be a very good choice to enter the market now;
The BTC price fell below $60,000, triggering violent market fluctuations and billions of dollars in losses;
Despite the price drop, about 83% of Bitcoin holders worldwide are still profitable. This shows that most investors bought the token when the Bitcoin price was low and were able to profit from the subsequent price increase.
Among the profitable investors, most of them entered the market at a price below $50,000. This means that even if the Bitcoin price falls further, these investors are still likely to remain profitable because their cost basis is low.
Although most investors are currently profitable, the average return of long-term holders is at risk of loss. However, this situation has historically been a good time to buy because when long-term Bitcoin holders start to lose money, the market is often close to the bottom, providing an opportunity for a new upward cycle.
Bitcoin's 30-day and 365-day MVRV "two technical indicators, when they are in the negative zone, are generally considered a good time to buy. This is because these indicators reflect the degree of pain relative to other traders, and pain is often a precursor to market reversals.
The revelation of historical data: Buying Bitcoin when these technical indicators are in the negative zone can achieve a significant rate of return. This further emphasizes that it may be an attractive buying opportunity for investors in the current market environment.
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