The dip of Bitcoin has triggered an almost commensurate plunge in the percentage of wallets in profit, because Bitcoin (BTC) has been down almost 30% in the last seven days.

Bitcoin’s price drawdown has led to almost a quarter of unique on-chain entities being at a loss, according to Data from crypto data provider Glassnode. This situation also bears some parallels to previous extreme downside price action periods that interrupted bullish advances.

Unique on-chain entities at a loss also approached the 25% mark as Bitcoin fell almost 50%, during the Black Thursday crash of March 2020.

Also, had a similar temporary break that saw the percentage of unique wallets at a loss also slide toward 25%, was the $3,500 bottom of the 2018 bear market.

Posted by TestBoo.com - https://testboo.com/crypto/amid-15k-price-dump-nearly-a-quarter-of-unique-bitcoin-wallets-at-a-loss/