INSIGHT: The share of $BTC supply in profit has dropped to 59%, closing in on the ~50% threshold that has historically marked bear market bottoms. On-chain data also shows the number of Bitcoin addresses depositing to exchanges has plunged to a 10-year low. According to analyst Darkfost, this suggests selling pressure is exhausting, making the current environment "more suited for accumulation" than for selling. https://t.co/Yyu4qfHjWB
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.