Data from IntoTheBlock reveals that over 75% of all Bitcoin holders are in the money at spot rates when the prices are at multi-week highs, trading at around $30,000 as of writing on June 22. Bitcoin has been on a firm uptrend over the past few trading days, propelled by supportive fundamentals. The world’s most valuable cryptocurrency is now up roughly 22% from June 2023 and is trending above crucial resistance levels, now support. At this pace, proponents expect the coin not only to continue edging higher but break above April highs and print new 2023 highs in continuation of the bullish trend of the March to April 2023 trade range. 75% Of Bitcoin Holders Are In Green At spot rates, IntoTheBlock data shows that 75% of all BTC holders are in the money while a paltry 3% are at break even. This means these holders are not in red or green but are steady without posting any capital gains. Meanwhile, despite rapid gains in the past trading week, 22% of all BTC holders are losing money. There is a high possibility that these individuals bough ..
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