🚨 Bitcoin Holders in Profit Hits 95%! Is BTC Overheating? 🚨
A recent surge in Bitcoin has put 95% of holders "in the money", according to data from blockchain analytics firm IntoTheBlock. With BTC climbing to $67,400 and an 11% boost this week, only a tiny 2% of addresses are still in the red.
🔎 Breakdown of BTC Addresses:
95% in profit 💰
3% breaking even ⚖️
2% in loss ❗
While this sounds like great news, there's a catch! Historically, when a large majority of holders are in profit, many may sell to lock in their gains. This could lead to selling pressure, hinting at a potential market cooldown. Will demand keep up, or is a peak around the corner?
On the flip side, bullish investors are still accumulating BTC! Recent reports show an additional 56,700 BTC flowing into wallets that have never sold a single coin—the legendary HODLers are back at it!
💡 Is this a turning point for Bitcoin, or a signal to prepare for profit-taking?
#BTC #BitcoinToTheMoonAndBeyond #CryptoBullRun #Write2Earn! #BinanceSquareFamily
