- An estimated 99.58% of holders are in profit, creating a vast pool of potential sellers and significant profit-taking pressure.
- The chip distribution is an estimate based on historical OHLC and turnover data, using a volume-based proxy to model turnover rate.
- It should be used to understand cost concentration, not as precise holding data.
- As of April 20th, an estimated 99.58% of holders are in a profit position, with an average cost basis of $40.48.
- With nearly all holders sitting on profits, the incentive to sell and realize gains is extremely high, which can create selling pressure on any sign of weakness.
- The 70% concentration range ($30.23 - $45.60) shows a relatively wide dispersion, but the current price is at the top of this range.
- The 90% concentration range ($28.26 - $47.18) shows the price is now testing its upper boundary.
- A sustained break above $47.18 could indicate a shift in the cost structure to higher levels.
Data is estimated based on turnover rate, high, low, open, and close prices. Profit ratios may vary significantly across different brokerage tools.