Over 97% of Bitcoin addresses are currently profitable

[gunhell16]

Actually, all the bitcoin holders who will sell today are really profitable; it has been seen that, until now, its price value is still rallying in the market. That's why not everyone who has bitcoins is selling them because they have a target price for when they will sell them.

And I even think that many people will sell their bitcoin holdings when they reach $100,000 each. That is what most holders in this field of the bitcoin business industry are targeting.

[0t3p0t]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

It's not too late to be one of those that you envy. Start with a small amount and keep adding to it weekly, monthly, or whenever you have extra money. Bitcoin is the future!!!

Yeah totally agree. Been doing this since January through my signature campaign weekly rewards that I just hodl and it goes very well. Serves as a DCA and it already has decent profit on it. Planning to take profit at $85k-$100k Bitcoin's price. 😁

[ABCbits]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

You should provide the source link instead of just mentioning the name but still, the info is so obvious so I think there is no need for the source link.

It looks like OP copied the text from https://www.bitget.com/news/detail/12560603918805 which doesn't explain much. Meanwhile same news on CoinDesk bothered to include this image,


Source: https://www.coindesk.com/markets/2024/03/04/bitcoin-rally-leaves-more-than-97-of-addresses-in-profit-blockchain-data-show/

I'd guess they estimate whether address in profit or loss looking at Bitcoin price when the Bitcoin was sent to certain address.

[DabsPoorVersion]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

It's not too late to be one of those that you envy. Start with a small amount and keep adding to it weekly, monthly, or whenever you have extra money. Bitcoin is the future!!!

Yeah totally agree. Been doing this since January through my signature campaign weekly rewards that I just hodl and it goes very well. Serves as a DCA and it already has decent profit on it. Planning to take profit at $85k-$100k Bitcoin's price. 😁

A wise move you have there. I am also doing the same thing and avoiding spending the rewards received from campaigns, aside from that, I do invest in Bitcoin and other altcoins regularly. I prefer diversifying my investments to ensure I don't miss out on any potential opportunities. The plan is to hold onto them as I have bought them early and sell my holdings before the end of the bull run so that I won't have any regrets.

[bayu7adi]

It looks very reasonable, because the BTC price is currently really in the green and is still showing a quite promising bullrun because the halving has not yet occurred. Every BTC holder will benefit when exchanging it for FIAT. In fact, I am sure that this rally will continue until next month, at least until the BTC halving approaches, many people do not want to sell Bitcoin at a cheaper price. This is a moment that has been awaited for 4 years.

[tranthidung]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

You can visit Lookintobitcoin.com and get the chart.

• Bitcoin Profitable days chart
• Historically Bitcoin has only 6 weeks above current price. It is going to make a new all time high before a halving and if it succeeds, it will be a first time in history.

[Gurujebs]

It looks very reasonable, because the BTC price is currently really in the green and is still showing a quite promising bullrun because the halving has not yet occurred. Every BTC holder will benefit when exchanging it for FIAT. In fact, I am sure that this rally will continue until next month, at least until the BTC halving approaches, many people do not want to sell Bitcoin at a cheaper price. This is a moment that has been awaited for 4 years.

We are only $4k away from breaking the previous all time high, I think the institutional investors are trying to change the historical growth of Bitcoin. We don't approach the growth like this but seeing how sharp the market is right now, everyone who has bought Bitcoin in the last bullrun and didn't sell are either in profits or are now break even, that's for those that bought at the top.

My only fear about this is that despite this growth, we are not looking at the after effect of this pump. The institutional investors are responsible for this ride which is beneficial for everyone that has invested in Bitcoin but we have forgotten that Bitcoin is now going to the hands of institutional investors. Blackrock for example now hold billions worth of Bitcoin, this is not what Satoshi vision bitcoin to be in his white paper if we want to be honest with ourselves.

[Cryptsafe]

I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual

If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.

In truth, patience is the key. Regardless of the market conditions, bull or bear, if you are in for a long-term investment, you must be able to exercise patience  and stick to it, as it takes time to get to the expected time of maturity. One must always have an expected target if they want to hodl for a long period, if they must enjoy their investment, then they should be ready to hold for a long time with patience.

[Learn Bitcoin]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

I guess it's low at this moment. 99% of the Bitcoin address should be in profit at this moment, considering we are heading into the bull run and we are almost at a new all-time high at this moment. I don't think too many people bought Bitcoin at 69K price back in 2021. The number of addresses should not be more than 1%. Or maybe it's possible that a lot of people bought bitcoin at 69K price range and then they were forced to sell because of the bear run.

[Gurujebs]

In truth, patience is the key. Regardless of the market conditions, bull or bear, if you are in for a long-term investment, you must be able to exercise patience  and stick to it, as it takes time to get to the expected time of maturity. One must always have an expected target if they want to hodl for a long period, if they must enjoy their investment, then they should be ready to hold for a long time with patience.

Many investors are not patient and because many of them are new to crypto, they are quick to sell anytime they see the market crash but what they don't know is that anything that goes up will comes down(market correction) and what goes down will go up by virtual forces of demand and supply, that's how the Bitcoin market work but not everyone understands this simple concept of the market.

Another point is that the Bitcoin Market growth is not linear, it's will continue a up and down movement until it doesn't come down to where people bought again. It will continue like that until it reach a high value where you will say that you have had enough profits but this can only be achieved with patience.

[MrSpasybo]

Many investors are not patient and because many of them are new to crypto, they are quick to sell anytime they see the market crash but what they don't know is that anything that goes up will comes down(market correction) and what goes down will go up by virtual forces of demand and supply, that's how the Bitcoin market work but not everyone understands this simple concept of the market.

Another point is that the Bitcoin Market growth is not linear, it's will continue a up and down movement until it doesn't come down to where people bought again. It will continue like that until it reach a high value where you will say that you have had enough profits but this can only be achieved with patience.

Well, this is a feature, not a problem in financial markets.

We cannot expect that everyone will make the right and profitable decisions because money is limited and does not come from the wishes of investors. A large portion of investors will lose money and generate large profits for the remaining few. That's how this market has operated for hundreds of years, the crypto market is not exception.

It is understandable that there is a large amount of BTC in profit when we have reached a new ATH, as of now. If the majority of BTC is collected on CEX then we will see this number continue to be extremely high, it also does not suggest a reversal in the BTC price chart, although BTC is currently facing resistance at $69 K and BTC price has dropped to $64K.

[Don Pedro Dinero]

When we beat the ath 100% will be in profit, but even then there will surely be retail investors who will buy for the first time and sell out of fear at the first downturn. What is clear is that the best strategy for the average investor is patience, DCA and long term vision. It ends up being very profitable in the end.

[Gideon99]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

No doubt it's incredible statistic, most people who have invested in Bitcoin have made massive profit. However, it's very important to know the past performances is not the indicative of the future results. Just because Bitcoin is bumping and doing more better doesn't mean it will so in the future, it can fall anytime and raise again. Before involving if Bitcoin investment so your research and understand the risk involved. This will help you get more knowledge about it to help you grow more on your crypto journey.

[Dr.Bitcoin_Strange]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

No doubt it's incredible statistic, most people who have invested in Bitcoin have made massive profit. However, it's very important to know the past performances is not the indicative of the future results. Just because Bitcoin is bumping and doing more better doesn't mean it will so in the future, it can fall anytime and raise again. Before involving if Bitcoin investment so your research and understand the risk involved. This will help you get more knowledge about it to help you grow more on your crypto journey.

Bitcoin has two market phase which is the bear and the bull market. An investor who properly learn about Bitcoin and gain a concrete knowledge about Bitcoin will not make any mistake while investing. From history, Bitcoin price usually pumps when it is only bull season and it is during every Bitcoin halving. It has been happening like that, so I still believe that even in the future, Bitcoin price will always see huge pumps during bull season.

[Gladitorcomeback]

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

For a moment today, 100% of Bitcoin addresses were profitable when Bitcoin hit $69k marking a new all-time high in the history of Bitcoin, and soon after that, it dropped below $64k. However, for a moment there, even people who bought Bitcoin during the all-time high in the previous were profitable if they had held on to their assets until now.

This is not the first time when Bitcoin has proved that people that have patience and those who keep holding their Bitcoins will eventually get some profit from their investment.