Blockchain data resource IntoTheBlock has shared key metrics to watch as Bitcoin falls below the $30,000 psychological support level. Despite the drop, almost 69% of Bitcoin holders are currently in a profitable position, in contrast to many other struggling altcoins. However, 49.66% of active addresses from the previous day are currently experiencing losses, raising concerns about potential capitulation. On a positive note, the report showcases a promising trend in user growth, but also draws attention to concerning factors such as Bitcoin's potential overvaluation and historically low volatility.
All Comments