47% of people bought Bitcoin above $83K, which is no coincidence—BTC is resisting a drop below this level. At the same time, 47% of people are currently holding BTC at a loss. In contrast, only 15% bought BTC at around $60K or lower—not just recent purchases, but over all these years. This includes those who bought BTC five years ago, seven years ago, or even at its inception when it was worth just a few dollars. Considering this data—that only 15% acquired BTC at $60K or below—is extremely low. It highlights how many people were trapped at high prices during the previous bull cycle, and how few bought BTC at the lows of this crypto winter—around those $60K levels.
Miyagi CryptoShare
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