Bitcoin price uptrend 'intact' with hodlers 120% in profit — Research

Bitcoin hodlers face “boredom and apathy” but are not engaging in mass distribution — even as the BTC price dip erodes unrealized profits.

Bitcoin is still “largely profitable” despite months of sideways BTC price action, says new research.

In the latest edition of its weekly newsletter, “The Week On-Chain,” published on June 18, analytics firm Glassnode dispelled myths over investors’ unrealized losses.

Bitcoin (BTC) may be trading within a rigid corridor, but the majority of hodlers are not seeing return on investment evaporate as a result.

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