Jan 8, 2025
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Less Than 1% of Bitcoin Holders Report Losses After Price Surge
On-chain data indicates that less than 1% of Bitcoin holders are currently at a loss following the cryptocurrency's recent price surge above $100,000.
Key Insights
- Data from IntoTheBlock shows limited profit-loss distribution among Bitcoin investors.
- Only about 380,000 addresses are at a loss, representing less than 1% of the total BTC holders.
- The chart illustrates that most investors bought BTC at higher prices relative to the current market.
- Address cost basis is crucial as it influences potential selling behavior during price dips.
- Current selling pressure may arise from profit-taking as nearly all Bitcoin investors are in gains.
- Bitcoin's price stands at approximately $97,900, reflecting a 3% increase over the past week.
