Bitcoin addresses in loss hit all-time high amid $18K BTC price target
— Bitstamp, Bitcoin indicator, Much pain, Hour candle chart, Lower support zone, Target, Btc — 1 min read
Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. The previous weekend’s action had produced a late surge which saved bulls from a close below $20,000. On-chain monitoring firm Glassnode, the weekly moving average number of unique BTC addresses now at a loss reached a new all-time high of 18.8 million. The average hodler was going through the worst monthly losses since 2011, analytics account On-Chain College summarized as June came to a close on June 1. The number of Bitcoin addresses at a losing address reached an all time high of $40 billion in losses since May 1st, according to Glassnode. Source