Microstrategy's BTC holdings have reached $10 billion as the average bid price for short BTC holders is below $48,000, with the majority in the profit zone.

As Glassnode told X, "87% of the BTC supply has a bid price below $48,000. Short-term holders are concentrated in the $40,000 to $45,000 range. The BTC supply that is in a loss position (13%) is mainly held by long-term holders. This includes buyers at the 2021 highs. While the BTC price is 28%...

by spotedcrypto

Feb 16, 2024

1 min read