晨光Crypto
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Bitcoin profitable wallets reach a new high, my thoughts
These past few days, while browsing blockchain data, I noticed a detail: the number of profitable Bitcoin wallets has reached an all-time high. What does this mean? Simply put, most of the holders are currently in a state of paper profit.
This reveals two levels of information.
First, the market's confidence is stronger.
There used to be a saying: 'Profitable positions are the real pressure', meaning that as more people enter a profitable state, selling pressure may increase. But from another perspective, the fact that so many people are collectively making profits indicates that the long-term trend of Bitcoin is indeed strong. It's like climbing a slope; if you can get a large group to follow, then the slope has been firmly trodden.
This reveals two levels of information.
First, the market's confidence is stronger.
There used to be a saying: 'Profitable positions are the real pressure', meaning that as more people enter a profitable state, selling pressure may increase. But from another perspective, the fact that so many people are collectively making profits indicates that the long-term trend of Bitcoin is indeed strong. It's like climbing a slope; if you can get a large group to follow, then the slope has been firmly trodden.
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