More Bitcoin traders are in profit despite pullback
The profitability of Bitcoin remains higher than average despite being 43.24% down from its respective all-time highs.
According to data provided by IntoTheBlock regarding the composition of its holders, 58% of all funds invested in Bitcoin remain profitable even after its recent drop beneath $40,000, which indicated that the majority of the market has entered the coin far below $40,000. Additionally, 5% of all holders are currently breaking even as 37% are facing losses.