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89% Of Bitcoin Could Be Sold For A Profit, But It Has So Far Failed To Affect Price Rally

Emily Mason

Summary: Bitcoin's latest price rally has pushed an astounding 89% of BTC into profit, according to the most recent Glassnode insights report. If a Bitcoin is in profit it means the holder could sell it for more than they bought it for. Exchange net flow for Bitcoin is also quickly growing suggesting that investors are selling ...

Bitcoin's latest price rally has pushed an astounding 89% of BTC into profit, according to the most recent Glassnode insights report.

If a Bitcoin is in profit it means the holder could sell it for more than they bought it for. Exchange net flow for Bitcoin is also quickly growing suggesting that investors are selling out to collect their profit, however so far the transfers have failed to affect Bitcoin's price.

By Emily Mason

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Link: 89% Of Bitcoin Could Be Sold For A Profit, But It Has So Far Failed To Affect Price Rally   [Copy]
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