BTC News ❗️❗️❗️
Expert: 375,000 investors bought Bitcoin at $50,230.
375,000 market participants bought ~119,480 BTC (~$6 billion) at an average price of $50,228. This level could become a serious resistance for Bitcoin, according to Lookonchain.
“These addresses are currently in the red and could increase selling pressure as their positions reach breakeven,” the experts wrote.
CryptoQuant analysts estimate that 97.3% of UTXOs are currently profitable. Experts have warned of the need to monitor on-chain indicators for early signs of a selling wave.
The correction may be delayed by maintaining a strong belief in further growth and the lack of consensus on the “adequacy” of profits at the current stage, experts pointed out.
According to the illustration, a high proportion of “positive” UTXOs can persist for a long time.
