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As Bitcoin pushed in direction of a brand new all-time excessive in March, a important milestone was once reached on Feb. 28, with over ninety nine% of the Bitcoin provide in profit. This was once the first time since November 2021 that over ninety nine% of the provision had been in profit, per Glassnode records.
On Feb. 28, apt 92,500 BTC had been at a loss earlier than the value dropped beneath $57,000, then consolidated spherical $62,000.
As of Might maybe well also fair 9, with the value encourage at a similar ranges, Glassnode records exhibits that over 2.6 million bitcoins are now at a loss, whereas 86% of the provision remains in profit. This replace suggests that many non permanent holders like entered a loss pickle.
