Friday, November 8, 2024
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Bitcoin speculators are underwater on 88% of their BTC bags: Research

Bitcoin (BTC) holdings owned by speculators are nearly 90% in the red after the “flash crash” to $26,000, new research says.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode reveals the true cost of last week’s BTC price dip to newcomers.Short-term holders “increasingly sensitive” to BTC

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A Year After Coinbase’s Public Debut, Most Listed Crypto Firms Are Underwater Compared With Bitcoin’s Performance; BTC Retreats From $42K

“That premium has been on the pretext that it would give them a free pass while governmental agencies took their war on crypto to other platforms and exchanges instead, like Binance,” QCP wrote at the time. “If now, a regulated U.S. entity who is offering a product that is already

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