Bitcoin (BTC)Crypto News

Almost 47% of Bitcoin supply at a loss as BTC price crashed below $30,000

                                                            Der Preis von Bitcoin stürzte gestern (auf Binance) zum ersten Mal seit Juli 2021 unter 30.000 $ ab. Er erreichte ein Tief von 29.730 $.
  • data from the popular analytics resource, CryptoQuant shows that 46.8% of Bitcoin’s supply is in the red. This means that investors bought it at a higher price.

CryptoQuant

  • This happened as the price of Bitcoin fell below $30,000 for the first time since July 2021 (on Binance).
  • Interestingly, the price was also below the average acquisition cost for MicroStrategy’s BTC, which is $30,700 per coin at the time of writing.
  • The company, led by Michael Saylor – one of Bitcoin’s most vocal supporters – has bought a total of 129,218 bitcoins at this price.
  • The data shows that this has happened a number of times in the past, most recently during the March 2020 Covid-19 crash, and on all occasions it has offered good accumulation opportunities.

Almost 47% of Bitcoin supply at a loss as BTC price crashed below $30,000, Crypto Trading News CryptoQuant

Source: Crypto News Deutsch

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