Со пазар на криптовалентност continuing to decline in a мечешки trend as most prominent digital currencies record plummeting prices, holders of its largest asset by market capitalization – Bitcoin (БТК) – are also struggling with record lows in profit.
Indeed, the percentage of Bitcoin addresses in profits is at its two-year low, currently standing at 60.499%, as revealed in a чуруликам by the alerts account belonging to the on-chain metrics platform Стаклен код на мај 11.
This percentage demonstrates a dramatic drop from May 2021, when the ratio of addresses holding their BTC tokens at a profit neared 100%. On the other hand, the chart now indicates that nearly 40% of Bitcoin addresses are at a loss.
At the same time, the account also Твитер another chart that shows the exact number of addresses holding their BTC tokens underwater. Specifically, the number of addresses has reached a two-year high of 16,522,749.262.
Meanwhile, Bitcoin holders aren’t the only ones recording lows in profit. As Финболд reported on May 10, the percentage of Ethereum (ЕТХ) addresses in profits was at its 21-месечно ниско ниво, standing at 66.77% at the time of writing.
Bitcoin takes a dive as crypto market declines
At the time of publication, the price of Bitcoin was struggling to remain above the $30,000 mark and is now trading at $29,567, which is an 8.21% decline on the day and a 24.17% drop across the previous seven days, according to CoinMarketCap data.
Its market capitalization is $599.67 billion, while the total crypto market cap at press time stands at $1.39 trillion, far below the $2 trillion it regained кон крајот на март.
Finbold has earlier also reported on a total of $375 billion flowing out of the crypto market cap in a single week, as the price of Bitcoin has dropped to its lowest point since July 2021.
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Source: https://finbold.com/in-profit-bitcoin-addresses-plummet-to-2-year-low-as-crypto-market-bleeds/