Pretty much everyone who has bought bitcoin is in profit right now

All the buys currently down on their money are marked in red on this chart:

You see all those red dots?

Yea, me neither.

It's only those buyers buying the recent all time highs around $40k who aren't feeling good about their bitcoin buy at this point.

With so many good feelings out there, I imagine no one is in a hurry to sell, and those who haven't bought are going to see this and want a piece.

It's pretty much what bitcoin keeps doing over and over.

Zooming it, it's probably getting close to a good spot to buy:

The 20 MA is acting as support on the daily like it tends to do.

I suspect we see a slight dip below it before a surge back above it then the bull rages on.

All Bitcoin Buys not in profit marked in Red