Markets· ★★★· bearish·

Bitfinex: Long-Term Bitcoin Holders Sit on 64% Unrealized Profit, Recent Buyers on 9%

  • —Average purchase price for long-term BTC holders: $49,300
  • —Average purchase price for recent BTC buyers: $74,400
  • —Unrealized profit for long-term holders: about 64%
  • —Unrealized profit for recent buyers: about 9%
Why it matters: Recent buyers have little cushion, so further price declines could trigger heavier selling from them.
#BTC
Source: TokenPost
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