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Benzinga
Benzinga
Business
Adrian Zmudzinski

Bitcoin (BTC) Market Shouts 'Sell,' But This Fundamental Urges 'Buy'

Bitcoin Crypto Glassnode

The world's first cryptocurrency Bitcoin (CRYPTO: BTC) had a couple of bad months, which recent on-chain data analysis revealed that Bitcoin addresses in profit recently reached nearly 55.7%  — which means most are profiting, but it is a two-year low nonetheless.

What Happened: On-chain data-based metric reserve risk paints a ray of hope into Bitcoin's currently gloomy market. According to data shared in a Tuesday tweet by an account of Glassnode dedicated to sharing findings of the blockchain data firm, Bitcoin's reserve risk reached an all-time low of 0.000024.

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