That’s not hodling! Over 50% of Bitcoin addresses still in profit

Cointelegraph

Published Jun 21, 2022 05:20AM ET

Updated Jun 21, 2022 07:20AM ET

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”

Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United States dollar terms than when their coins entered them.

Bitcoin percent of addresses in profit chart. Source: Glassnode
Bitcoin realized losses chart. Source: Glassnode

Continue Reading on Coin Telegraph