RATE Group | How Are Bitcoin, Ethereum, Litecoin, BCH, BSV Hodlers Doing After the Rally?
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How Are Bitcoin, Ethereum, Litecoin, BCH, BSV Hodlers Doing After the Rally?

30 Apr How Are Bitcoin, Ethereum, Litecoin, BCH, BSV Hodlers Doing After the Rally?

Posted at 14:45h in Bitcoin News by

How Are Bitcoin, Ethereum, Litecoin, BCH, BSV Hodlers Doing After the Rally? 101
Source: Adobe/Dan Eady

The sentiment among investors in several major cryptoassets is on the rise, as a growing number of hodlers are seeing positive numbers on their account balance, on-chain analysis shows.

According to data from on-chain analytics firm IntoTheBlock, more holders of bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), bitcoin SV (BSV), and litecoin (LTC) are now sitting on profits from their crypto investments.

As defined by IntoTheBlock, holders that have a positive difference between the purchase price and current price are defined as being “in the money.” In cases where there is no difference, the holder is said to be “at the money,” while holders at a loss are “out of the money.”

Bitcoin

For bitcoin specifically, a positive change of 4.07% in the number of wallets “in the money” shows that this asset is again producing profits for its holders, which contributes to the overall bullish rating that IntoTheBlock gives bitcoin.

Further, the…

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