Bitcoin Investors Believe Bullish Trend Will Continue: Report
Analysts at Glassnode have found that, despite the largest wave of profit realization in Bitcoin since May 2022, most coins remain inactive.
Last week, 31,000 BTC were sent to exchanges, of which 92.5% belonged to speculators (65% of the coins associated with them were in profit) and 7.5% belonged to hodlers (80%).
The volume of profits realized per day has reached $320 million, which is the highest it has been since the collapse of Terra.
However, it is still lower than the values observed during bull markets. The recorded losses have been declining since July 2022.