When will Bitcoin Bottom? Let's look on chain and analyse percent addresses in profit.


In previous bear markets:
- 2012 only 13% of wallets were in profit
- 2015 only 28% of wallets were in profit
- 2019 only 43% of wallets were in profit
- 2022 only 50% of wallets were in profit
- Today only 70% of wallets are in profit
One could assume that we likely need to revisit at least ~60% of wallets in profit to follow theme of increasing % addresses in profit over $BTC bear market history.
Thus, we go lower in time.
BTC-3.02%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
HighAmbitionvip
· 1h ago
great information about crypto
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)