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.
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