Three-quarters of BTC addresses still in profit despite market decline: Glassnode
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance,” and long-term holders are the most likely to be in the green.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance,” and long-term holders are the most likely to be in the green.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates
TL;DR: Strive reported $509 million in third-quarter GAAP net income and said it purchased 8,136 BTC during the quarter, followed...
Samsung Wallet’s USDC on Solana Is Live — Here’s What the Rollout Actually Covers
TL;DR: A Solana Foundation update dated November 5 confirms that Samsung Wallet’s stablecoin account went live on November 2 for e...
BitFuFu’s October Bitcoin Mining Output Falls Despite Steady Hashrate
TL;DR: BitFuFu produced 137 BTC in October, down from 167 in September, while managed hashrate stayed close to 19.5 EH/s. The mine...
$106M Crypto Theft Hits EU Entity, Solana MEV Bot King Drained for Another $786K
Key Takeaways: An anonymous EU firm could have lost over $106 million in various exchanges. The suspected attacker transferred USD...
Mercado Bitcoin Freezes Deposits and Withdrawals After $40M Crypto Security Alert
Key Takeaways: Mercado Bitcoin blocked deposits and withdrawals after it spotted a security incident. According to the company, Hy...
Bitcoin Price Holds Near $75,000 After Hot October Jobs Report
Bitcoin Magazine Bitcoin Price Holds Near $75,000 After Hot October Jobs Report U.S. employers added 165,000 jobs in October, near...