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.

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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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