Bitcoin's Profitability Surge and the Inevitable PullbackBitcoin experienced a significant drop this week, with prices dropping as low as $63k at the time of writing.
This idea brings some perspective to the situation. The chart contains the percentage of CRYPTOCAP:BTC holders in profit over time.
The red boxes highlight prolonged periods where a vast majority of Bitcoin holders are in profit. These periods are often indicative of market tops or extended periods of price growth, where even those who bought in at higher prices during the beginning
