Over 50% of Bitcoin Addresses Are Now in Loss

For the first time since the start of the coronavirus-induced bear market of March 2020, most addresses holding bitcoin are now losing money.

Data from block chain analytics firm IntoTheBlock has it that just over 51%, or 24.56 million addresses of the total 47.85 million, are below purchase price on their investments.

The percentage of out-of-the-money addresses stood at 55% in January 2019. Bitcoin bottomed near $3,200 around the same time and began a bull run three months later.

The percentage of addresses
out-of-the-money rose to 62% during the depths of the 2015 bear market.

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