With the prices of digital assets such as Bitcoin and Ethereum falling in the last week, investors are now moving their coins at a loss for the first time since December. Could this signal a bottom for the digital assets?
Bitcoin, Ethereum Profitability Falls To 2023 Lows
Bitcoin’s fall from above $ 25,000 to the $ 21,000 level last week dragged the coin’s profitability down with it. Given this, Santiment notes that investors in these two digital assets are beginning to move their coins at a loss once more.