Glassnode says the average Bitcoin investor holds profits despite a recent price dip. Despite the recent sell-off that pushed Bitcoin (BTC) prices below $60,000, a new analysis from Glassnode suggests the market remains remarkably robust. According to the on-chain analytics platform, aggregate investor profitability is still strong, with the average coin holding a 2x profit […]
The post Data Shows Average Bitcoin Investor Sitting on Big Profits Despite Dip appeared first on Coin Edition.
- Glassnode says the average Bitcoin investor holds profits despite a recent price dip.
- Average BTC bull holds an unrealized gain of $41K, while short-term investors hold an unrealized loss of $5,300.
- Key pricing levels that could impact investor behavior include a breach of $58K and a decisive break above $64,000.
Despite the recent sell-off that pushed Bitcoin (BTC) prices below $60,000, a new analysis from Glassnode suggests the market remains remarkably robust.
According to the on-chain analytics platform, aggregate investor profitability is still strong, with the average coin holding a 2x profit multiple — a level often seen during the enthusiastic and euphoric phases of bull markets.
Glassnode’s analysis reveals that the average coin in profit holds an unrealized gain of $41,300, with a cost basis of approximately $…
The post Data Shows Average Bitcoin Investor Sitting on Big Profits Despite Dip appeared first on Coin Edition.
