Bitcoin’s Decline Puts 7Mn+ Addresses Out Of Money

The post Bitcoin’s Decline Puts 7Mn+ Addresses Out Of Money appeared first on Coinpedia Fintech News

The latest data from IntoTheBlock shows a significant 7.97% drop in Bitcoin’s price, currently standing at $56,978. With this decline, the “In the Money” indicator reveals around 75% of addresses are still profitable. However, with 7.25 million addresses, almost 14% of total addresses are “Out of the Money,” caution prevails and underlines the growing bearish and volatile trend in Bitcoin as investors react to the FMOC meeting and CZ being jailed.