95% of wallet holders $BTC were in the black when the price reached 69k, InfoTheBlock reported. Another 3% were at breakeven and 2% were in the red. How do you like this distribution? đ As many as 5% of holders #bitcoin bought it at maximum values! In total, there were 49 days in history when the price was 69k and higher.
At least 5% of us are inveterate Tozemuners đ Is this a lot or a little?
Why is such data not published when the price is 15k or 25k? đ§ Probably so as not to knock down the sown fear and disappointment.
After all, one thing is logical: the lower the price of an asset, the fewer wallet holders are in the black, but that small number of holders store the largest number of bitcoins.
The Accumulation/Distribution indicator shows that since March 2023, when #BTC entered its cumulative range of 25k-30k, the distribution has grown sharply and continues to grow.
All this does not inspire confidence in the continuation of the rally to 140k and above, if as many as 5% of wallets see profit on their balances, won't they sell? Not to mention the 95% that will see X on Bitcoin.
What needs to happen for you to buy Bitcoin at $100k and above, inflation, transparent regulation or a 30% tax on spot?
