Bitcoin's captivating journey has enticed buyers at every price point. As the next price movement approaches, their holdings hang in the balance.
Now, at the present moment, Bitcoin hovered around the $30,000 mark. It’s worth noting that approximately 592,000 BTC have been purchased at this price level, which accounted for approximately 3.45% of the total supply. What does this signify?held by those who make up 3.5% of the total supply could swiftly transition from being profitable to incurring losses or vice versa, depending on the direction in which the price moves.30-day Market Value to Realized Value revealed an interesting trend.
This metric further suggested that even those who purchased their holdings at the current price range were still in a profitable position.However, it’s important to note that these particular Bitcoin holders are also the ones most susceptible to the impact of price fluctuations in any direction.MVRV was examined, specifically the 180-day MVRV, it became evident that holders within this timeframe enjoyed even greater profits. As of this writing, the 180-day MVRV was 11.9%.
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