Who is really in profit or loss with Bitcoin

Quick look at where people are making money and losing money on bitcoin so you can understand where the support and resistance is

By showing the number of addresses making/losing money on their positions, u can obtain a better idea of buying/selling pressure at a certain price range.

For instance, where most addresses are out of the money, the price will have high selling pressure since many of these addresses will look to sell once the market price reaches their average cost and break-even on their positions.

This will act as a resistance level to a continued price increase at those prices.
On the other hand, large in the money clusters indicate key price ranges on-chain where a high amount of addresses (or volume of tokens) had previously been bought and would currently realize a profit if they sold today (because price is higher than their cost of acquisition).

In examples like the ones shown in the video, more addresses in the money is likely to be positive for the network as there is less selling pressure from holders trying to break-even on their positions.