CryptoQuant Says Bitcoin Investor Profitability Falls to Record Low, Signaling Potential Capitulation
JH Kim
Forecast Trend Report by Period
Bitcoin investor profitability has fallen to its lowest level on record, signaling potential capitulation, CryptoQuant said.
On Aug. 14, the on-chain analytics firm said Bitcoin profitability had dropped to an all-time low.
CryptoQuant added that weak hands appear to be selling Bitcoin to buyers with stronger conviction, a pattern that could be interpreted as a potential capitulation signal.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.