According to Foresight News, based on glassnode analysis, when the market was near a local low of $74,000, over 5 million BTC were in a loss-making state. However, as the market recovered, this number has dropped to around 1.9 million BTC, indicating that over 3 million BTC have returned to a profitable status.
Glassnode Analysis: 3 million BTC returns from loss to profit as market recovers
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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