What Percentage of Bitcoin Holders Are in Profit After Price Broke $64K?
After the price of Bitcoin broke above $64,000, the majority of cryptocurrency holders are in profit.
With the price of BTC around $65,300 at the time of writing, around 88% of holders of the asset are in profit according to information provided by IntoTheBlock.
This marks a recovery from earlier in the summer when they were only around 65% when prices fell below $55,000.
The higher percentage suggests that more holders are making profits, which often correlates with positive market sentiment.=
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Is the Approval of Bitcoin ETF Options Good or Bad News?Historically, rising profit percentages have accompanied upward price movements, serving as a barometer of market confidence and potentially influencing trading behavior.
The recovery to 88% reflects renewed investor optimism after periods of volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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