The Share of Unprofitable BTC Addresses Exceeds 51%

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According to IntoTheBlock, the fall of the crypto market this month has resulted in a sharp increase in the number of unprofitable Bitcoin addresses.

According to the platform experts, the proportion of wallets that bought BTC at prices higher than today is now just over 51%.

The last time a similar situation was observed after the March market crash.

24.56 million addresses suffer losses out of the total number of BTC holders (47.85 million). About 45% of wallets are still in positive territory, and the remaining addresses are in the breakeven zone.

According to the company, those investors who bought Bitcoins at prices above $16,067 are experiencing losses.