74% Of Holders Remain In ProfitBitcoinAt Current Prices
In fact, 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 market for a while are deep intheprofit, 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 market right away 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 market-offs that have been taking place in the industry. So despite declining prices for the past month, the majority of bitcoin investors are realizing gains from their investments.
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These are the investors who bought their bitcoins on or around the current trending price of the digital asset. Going current prices, these investors would have purchased their bitcoinswithat about $52,000 and higher, putting them right in loss territory. On the flip side of this, a total of 18% of investors are in loss from their investments. In fact, the rest of The investors, 7% in total, remain in neutral territory.
74% of BTC investors are in profit | Source: IntoTheBlock
Indeed, 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, 11% have held their coins for lesswhilethan a year.
It’s secure 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 fresh 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 higher from exchanges have been outflows than inflows by almost $1 billion.
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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 coming supply squeeze as the coins moving out of exchanges are higher from another perspective than those impending in.
Additionally, to points this 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
