79 % Bitcoin Addresses Are in Profit
|Ján Repa|source|3966x
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79 % Bitcoin Addresses Are in Profit

Data suggest that some 21.36 million BTC addresses are in profit. In fact, around 99% of trades were carried out under USD10,000 where BTC is trading at today. For the past one year, bitcoin has risen by some 200%, from about USD3,500 to USD10,000.

Although it would make sense for this vast majority of investors to liquidate bitcoin, CoinMetrics data suggest there are currently more cryptocurrency holders than ever before. The number of BTC that hasn’t been liquidated for a year has grown to ten million.

 

While most bitcoin holders are in profit, Into The Block’s data show that altcoin holders haven’t been doing that well. 74% of Ethereum addresses are at a loss. Cardano, ICX, Fetch and ZCash are among the altcoins whose owners have suffered massive losses. This also means that many altcoin holders held their cryptocurrencies from 2017 until now without selling.

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