100% Bitcoin long-term hodlers are now in profit as BTC crosses $71K
Long-term Bitcoin holders are now all in the green, thanks to BTC’s recent climb above November 2021’s all-time high.
The last-remaining Bitcoin (BTC) long-term holders with unrealized losses have now flipped back into profit again as Bitcoin’s price broke above its November 2021 all-time high.
When Bitcoin’s price was hovering around $68,000 on June 4, “0.03%” of long-term holders — those who have held Bitcoin for over 155 days — were still in a “position of loss,” according to a June 4 report published by crypto analysis firm Glassnode.
This group mainly consisted of those who purchased Bitcoin during the 2021 bull cycle, when it reached its previous all-time high of $69,000 in November 2021.
Long-term Bitcoin holders are now all in the green, thanks to BTC’s recent climb above November 2021’s all-time high.
The last-remaining Bitcoin (BTC) long-term holders with unrealized losses have now flipped back into profit again as Bitcoin’s price broke above its November 2021 all-time high.When Bitcoin’s price was hovering around $68,000 on June 4, “0.03%” of long-term holders — those who have held Bitcoin for over 155 days — were still in a “position of loss,” according to a June 4 report published by crypto analysis firm Glassnode.This group mainly consisted of those who purchased Bitcoin during the 2021 bull cycle, when it reached its previous all-time high of $69,000 in November 2021. Read more