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Majority of Bitcoin Holders Maintain Profits Even After Price Slump

11.07.2024 15:00 1 min. read Alexander Stefanov
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Majority of Bitcoin Holders Maintain Profits Even After Price Slump

Recent data reveals that despite Bitcoin's price dropping below $60,000 due to significant selling by major entities like the German and US governments over the weekend, a substantial 83% of all Bitcoin holders remain in profit.

According to insights from the on-chain tracker IntoTheBlock, out of approximately 53.57 million Bitcoin investors globally, the majority, comprising 83%, are currently experiencing gains even after the recent market turbulence.

This statistic leaves about 17% of holders not in profit: 13% are facing losses from purchasing BTC at higher prices, while 4% are at breakeven.

These figures indicate that around 44.61 million Bitcoin holders continue to benefit from their investments, notably those who entered the market below the $50,000 mark. Despite the recent market volatility, this majority remains in profit, illustrating resilience in Bitcoin’s long-term investment appeal.

However, there is a notable trend affecting long-term holders, with average returns potentially dipping into losses for the first time in over a year.

According to Santiment, these periods are typically favorable for buying, particularly when “Bitcoin’s 30-day and 365-day MVRV show negative readings.” This development is historically seen as a favorable buying opportunity.

Historical data suggests that buying during periods when Bitcoin’s long-term holder returns are negative has historically yielded substantial returns, highlighting potential opportunities for savvy investors to enter the market.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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