Monday, September 26

Bitcoin Hodlers ‘Under Siege’ at $42,000: 30% of BTC Supply Turns Profit to Loss By Cointelegraph


©Reuters. Bitcoin Hodlers “Under Siege” at $42,000: 30% of BTC Supply Goes From Profit to Loss

() hodlers are facing a pivotal week in more ways than one, as the $42,000 level reignites a familiar battle.

As on-chain analytics firm Glassnode noted on Monday, 30% of the BTC supply is now at a loss, historically this has been a key number that bulls have defended.

Mixed views on the chances of a rebound Bitcoin’s plunge from $69,000 to current levels – at one point over 40% – is nothing unusual, but for long-term investors, there is specific reason to hope that current support holds.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



es.investing.com