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That’s not hodling! Over 50% of Bitcoin addresses still in profit

Published 06/21/2022, 05:20 AM
Updated 06/21/2022, 07:20 AM
That’s not hodling! Over 50% of Bitcoin addresses still in profit

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”

Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United States dollar terms than when their coins entered them.

Bitcoin percent of addresses in profit chart. Source: Glassnode
Bitcoin realized losses chart. Source: Glassnode

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