Recent data from on-chain research platform Glassnode has revealed that the profitability share of long-term Bitcoin (BTC) investors has fallen to a 4-year low.
According to Glassnode data, Bitcoin’s profitability rate for long-term investors bear market decreased to the same levels over time. In the light of the aforementioned data, the assets of Bitcoin owners 2018 As in the difficult days of the year 42% It appears to be selling at a loss.
long-term investor portfolio 30 thousand-32 thousand dollars The data, which reveals that it is priced at the level of 20 thousand dollars for months, clearly shows that the price of Bitcoin, which has been in the band of 20 thousand dollars, forces investors to make difficult decisions.
While the global economic crisis and inflation continue, both large and small-scale investors like Bitcoin. from risk products they move away to more secure ports. This situation is both on Bitcoin. sales pressure increases as well as the relationship between the price and other risk products. downside correlation it strengthens.
However, the decrease in the profitability rates of Bitcoin miners does not go unnoticed. Miners, whose long-term expectations are higher pricing, need to pay these prices daily in order to continue their business. 3 thousand-8 thousand BitcoinsThey’re selling. With rising energy costs Struggling miners may have to sell more daily if the Bitcoin price continues to drop.
