@BOMBERuss 22 December 2021 more from that month

More than 75% of addresses in the bitcoin blockchain remain in profit despite the rollback of the cryptocurrency price. This is the conclusion reached by the analysts of the Glass node resource. As the bitcoin price falls below $50,000, about 76% of the addresses are in profit. It is noteworthy that the same volume of addresses was in profit in the summer of this year, when the price of the cryptocurrency was ~ $ 32,000. According to analysts, the preservation of such a percentage of addresses in the black is due to two reasons: A group of short-term investors sold off assets at the peak of the price, but some continue to walk despite the losses; Long-term investors who bought bitcoin in the summer still hold the cryptocurrency. However, even the Hodlers may run out of patience. Experts note a drop in on-chain activity over the past two weeks, which suggests that investor interest is reaching a "point of exhaustion at current prices." According to Glassnode, the excitement of retail investors played against the market. As can be seen on the second chart, it was the newcomers who received the first blow of the price correction. Having peaked in November, investors began to incur losses of $50-100 million per day. Analysts believe that the realization of losses is a consequence of the hype of retail investors who bought cryptocurrency at the maximum.