95% of BTC holders are currently in the black. These on-chain analysis results lead #IntoTheBlock:
"95% of Bitcoin addresses are currently in the black, market sentiment is booming. Historically, these levels have signaled strong bullish momentum, but could also indicate potential overexertion.
Will we see a breakout or is this a sign of overheating?"
If we give an opinion to the question at the end of the post - we think this is a sign of overheating and are waiting for a correction. But, probably, the last one before the ATH update and a full-fledged exit from the range since March 14 of this year.
