Bitcoin price has dropped quite a bit from its $69,000 all-time high but it continues to maintain high values. Investors who have been in the market for a while are deep in profit, while a small minority are the only ones in loss. Nevertheless, it goes to show how much the digital asset has grown in value given that the large majority of investors could sell now and still make a profit.
74% Of Bitcoin Holders Remain In Profit
Data from IntoTheBlock shows that a total of 74% of all bitcoin holders continue to remain in profit. These investors would make a profit and some already have been realizing this profit with the sell-offs that have been taking place in the market. So despite declining prices for the past month, the majority of bitcoin investors are realizing gains from their investments.
Related Reading |Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China
On the flip side of this, a total of 18% of investors are in loss from their investments. Going with current prices, these investors would have purchased their bitcoins at about $52,000 and higher, putting them right in loss territory. The rest of the investors, 7% in total, remain in neutral territory. These are the investors who bought their bitcoins on or around the current trending price of the digital asset.
74% of BTC investors are in profit | Source: IntoTheBlock
Of all of thee investors, 56% have held their bitcoins for longer than a year, putting the majority of those who have held their bitcoins for longer right in profit territory. A total of 33% have held their assets for a duration of 1 to 12 months, while 11% have held their coins for less than a year.
It’s safe to say that most of those in loss are those in this last category as they would have bought their bitcoins at the height of the bull rally that sent the digital asset to new all-time highs.
Exchange Outflows Signaling Supply Squeeze
Even as the majority of bitcoin holders are in profit, exchange inflows continue to underperform outflows. On a seven-day moving average scale, total outflows from exchanges have been higher than inflows by almost $1 billion.
Related Reading |December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue
The total bitcoin exchange inflows for the last seven days came out to $7.54 billion, while outflows for the same time period were higher at $8.27 billion. This signals an impending supply squeeze as the coins moving out of exchanges are higher than those coming in.
Additionally, this points to bullish sentiment among investors. With more coins moving out of exchanges, investors are most likely consolidating their holdings and moving them to safer self-storage options to hold out for the long-term.
BTC breaks above $50,000 | Source: BTCUSD on TradingView.com
Featured image from Bitcoin Profit, charts from IntoTheBlock and TradingView.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
FAQs
Bitcoin price has dropped quite a bit from its $69,000 all-time high but it continues to maintain high values. Investors who have been in the market for a while are deep in profit, while a small minority are the only ones in loss.
What percentage of Bitcoin addresses are in profit? ›
10 Years of Decentralizing the Future
More than 97% of BTC addresses are now "in the money," according to data tracked by analytics firm IntoTheBlock.
How much BTC is on profit? ›
According the Bitfinex, over 16.3 million bitcoin are currently in profit. "The current percentage of bitcoin held in profit is substantially higher than the all-time average of 74%," Bitfinex analysts said.
What percentage has Bitcoin risen? ›
Basic Info. Bitcoin Price is at a current level of 63517.25, down from 63802.33 yesterday and up from 29340.00 one year ago. This is a change of -0.45% from yesterday and 116.5% from one year ago.
How much Bitcoin does the average person who owns Bitcoin own? ›
Simple math shows that the average bitcoin holding per person is about 262,500 satoshis. At $69,000 per bitcoin, that works out to an investment of about $180 to reach the global average bitcoin allocation. So don't be discouraged by the price of a single bitcoin.
How much does the average Bitcoin holder own? ›
At approximately 32.9 million active entities, this would mean the average non-exchange, non-miner entity owns 0.46 BTC, or around $12,420.
What will $1000 of Bitcoin be worth in 2030? ›
If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?
How much would $500 in Bitcoin be worth today? ›
USD to BTC
| Amount | Today at 4:23 pm |
|---|
| 50 USD | 0.000827 BTC |
| 100 USD | 0.0017 BTC |
| 500 USD | 0.0083 BTC |
| 1,000 USD | 0.0165 BTC |
4 more rowsCryptocurrency is an extremely volatile investment
Past performance isn't a good indicator of future performance when it comes to any risky investment—and that certainly includes cryptos. All this said, you shouldn't invest more than you can afford to lose.
How much will 1 Bitcoin be worth in 5 years? ›
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Who owns the most Bitcoin in the world? The top Bitcoin holder is still believed to be Satoshi Nakamoto, the anonymous creator of Bitcoin, who reportedly holds around 1.1 million BTC across many wallets. Despite this large holding, the top 10 holders collectively only possess about 5.5% of the total Bitcoin supply.
How much is Bitcoin going to be worth in 5 years? ›
Bitcoin Overview
| Year | Minimum Price | Average Price |
|---|
| 2024 | $83,001.70 | $85,601.44 |
| 2025 | $122,154.78 | $125,577.44 |
| 2026 | $177,945.20 | $184,224.58 |
| 2027 | $263,695.63 | $272,906.71 |
8 more rowsBitcoin (BTC) Price Prediction 2030
According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 86,256.26 by 2030.
What is the average annual return of a Bitcoin? ›
Bitcoin Returns Over the Last Decade
On average, it has returned 671% per year, with the strongest returns in 2013 when it skyrocketed over 5,000%—climbing from $13 to $1,100. Between 2017 and 2019, bitcoin saw another impressive run as prices climbed to $20,000 as it become more well known to the wider public.
How much will Bitcoin be worth in 2024? ›
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.
What percentage of ethereum addresses are in profit? ›
First Time in 8 Months: Ethereum (ETH) Addresses in Profit Plunge to 53% The figure has sunk to the levels registered on January 12, 2023. According to the blockchain intelligence platform Glassnode, the percentage of Ethereum addresses currently in profit has dropped to approximately 53.5%.
How many Bitcoin addresses own 1 Bitcoin? ›
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
How many BTC addresses are in use? ›
Let's break down the key figures: A Chainalysis study notes that since its inception in 2009, more than 460 million Bitcoin addresses have been created. The same Chainalysis study states that only 172 million wallet addresses are economically relevant. Moreover, only 27 million of these addresses actually hold Bitcoin.
How many Bitcoin addresses have a balance? ›
Bitcoin Rich List
| Balance, BTC | Addresses | % Addresses (Total) |
|---|
| [0.001 - 0.01) | 12066268 | 22.43% (45.94%) |
| [0.01 - 0.1) | 8088653 | 15.04% (23.51%) |
| [0.1 - 1) | 3548818 | 6.6% (8.48%) |
| [1 - 10) | 859568 | 1.6% (1.88%) |
8 more rows
