Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump
Bitcoin’s $15,000 price pullback over the last few days has caused the percentage of wallets underwater to exceed 23%. Bitcoin (BTC) is down almost 30% in the last seven days and this dip has triggered an almost commensurate plunge in the percentage of wallets in profit.Data from crypto data provider Glassnode shows that Bitcoin price drawdown has led to almost a quarter of unique on-chain entities being at a loss. This situation also bears some parallels to previous extreme downside price action periods that interrupted bullish advances.Source: GlassnodeDuring the Black Thursday crash of....
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