These Wallets holding Bitcoin like a Treasure – Katoch Tubes

Wallets not moving Bitcoin

The Bitcoin Study

A study by on-Chain Analytics revealed that nearly 62% of crypto wallets have kept BTC  for one year or longer.

The total value moved

Of the remaining wallets, 32% have moved BTC for a month to a year and only 4% have traded BTC for less than a month.

What does it mean?

Despite the sell-off, majority of the users are still keeping Bitcoin. Reflecting long-term trust  in the digital currency

Who's Profitable?

The study revealed that 48% of the present holders are making money while the same percentage are losing money & only  4% are unaffected.

Long Term Outlook

Although majority of the wallets are holding Bitcoin but the long term outlook is still negative as the data from trade analysis  tool TipRanks

How bearish can BTC go?

Bitcoin hit all time low below $19K this year. In the worst case-scenario it can go below $10K?

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