According to the published data, 119,000 bitcoins have their purchase point in the range of 50,000 dollars
Approximately 375,000 addresses bought about 119.48 thousand bitcoins (worth $6 billion) at an average price of $50,227.81, according to blockchain data analytics firm Lookonchain.
These positions are currently at a loss, and selling pressure is possible if Bitcoin price returns to these levels.
Increasing volatility helps.
