#BTC has some interesting data.

We generally look at $BTC that are in profit, and this ratio is 78%. This ratio is alarming for experienced investors.

However, the overlooked part is the addresses. When looking at it based on addresses, 80% of the wallets are in the cost zone. When we add the wallets that are at a loss, 90% of them are not in a position to sell #Bitcoin. Only 10% can sell at a profit.

In the 100-110k range, this ratio had risen to 100%. Sales had occurred. Looking at the number of wallets, it can be said that the sales have ended.

Source: @intotheblock