Bitcoin is rising in price, but 43% of holders are still at a loss. Will this week's rally be sustained?
The percentage of holders experiencing losses has surged from 30% when Bitcoin traded at $90,000 at the end of January. Traders are concerned that investors holding these losses will gradually sell off as prices recover, creating ongoing selling pressure that could limit further growth.
Another concern arises from the Bitcoin mining sector. Rising energy costs and decreased demand for the Bitcoin blockchain ledger have pushed miners' profits to record lows. Some major publicly listed mining companies have shifted towards AI computing while also selling off their held Bitcoin.
#creatorpadvn $BNB
@Binance Vietnam
The percentage of holders experiencing losses has surged from 30% when Bitcoin traded at $90,000 at the end of January. Traders are concerned that investors holding these losses will gradually sell off as prices recover, creating ongoing selling pressure that could limit further growth.
Another concern arises from the Bitcoin mining sector. Rising energy costs and decreased demand for the Bitcoin blockchain ledger have pushed miners' profits to record lows. Some major publicly listed mining companies have shifted towards AI computing while also selling off their held Bitcoin.
#creatorpadvn $BNB
@Binance Vietnam