Bitcoin’s extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring bullish sentiment as the price settled at around $65,000. However, as the price began declining […]
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Bitcoin volatility slashes unrealized profits, STHs hit the hardest
Sharp price drop led to over 1.2 million BTC in unrealized losses for short-term holders.
![Bitcoin volatility slashes unrealized profits, STHs hit the hardest](https://cryptoslate.com/wp-content/uploads/2024/08/bitcoin-supply-pnl-768x403.jpg)
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