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Glassnode: 76% of Bitcoin Holders Still In profit


Last Updated: 28 May 2021
The Bitcoin sector is currently experiencing the largest wipe-out since March 2020. With the token losing nearly 50% of its value in recent weeks, retail traders have been rushing to sell off their holdings in case of a further crash.
The recent market crash is blamed on various remarks made by major crypto players and regulatory moves in China. The sell-off has raised questions about whether the 2021 bull market is still in play. Glassnode, an on-chain analytics platform, has issued metrics for the past week that show the severity of the market correction so far. However, the data also shows a significant percentage of Bitcoin holders who are still in the profit zone. ....

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