{"id":516663,"date":"2023-01-19T06:00:32","date_gmt":"2023-01-19T11:00:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=516663"},"modified":"2024-06-11T12:06:12","modified_gmt":"2024-06-11T12:06:12","slug":"59-of-bitcoin-holders-are-sitting-on-profits","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/59-of-bitcoin-holders-are-sitting-on-profits\/","title":{"rendered":"59% of Bitcoin Holders Are Sitting On Profits"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">59% of Bitcoin holders are profitable as the coin trades above the current Realized Price, which is the cost basis of the average BTC holder,\u00a0IntoTheblock <a href=\"https:\/\/app.intotheblock.com\/coin\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> on January 19, shows.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Parallel on-chain <\/span><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/market-indicator\/realized-price?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line\" target=\"_blank\" rel=\"noopener nofollow\">streams<\/a> show that<\/span><span data-preserver-spaces=\"true\"> the realized price of Bitcoin is around $19,700. Comparing this number with the spot BTC price presently at over $20,700, it means 59% of coin holders are sitting on profits, a net positive for the ecosystem. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This development is a shot in the arm for HODLers, considering the sharp contraction of prices over the past few months. Then BTC plunged from around $69,000 in November 2021 to slightly over $15,000 in 2022.<\/span><\/p>\n<figure id=\"attachment_516682\" aria-describedby=\"caption-attachment-516682\" style=\"width: 1188px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-516682 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?resize=1188%2C517\" alt=\"Bitcoin Price chart Chart: TradingView.com\" width=\"1188\" height=\"517\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=1188 1188w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Screenshot272.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-516682\" class=\"wp-caption-text\">Bitcoin Price Chart Chart| Source: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">On-chain data are <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-on-chain-data-weak-baseline-2023\/\" target=\"_blank\" rel=\"noopener \">crunched<\/a> in real-time, and analysts interpret them to gauge the state of the market. Their interpretation, in turn, could massively influence sentiment and determine how retail traders act based on price action.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-investors-predict-decline\/\">Bitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">As BTC prices react from $21,600 posted earlier this week, on-chain statistics show more than half of BTC holders are in green. Only 38% of market participants are out of the money.<\/span><\/p>\n<figure id=\"attachment_516680\" aria-describedby=\"caption-attachment-516680\" style=\"width: 1147px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-516680 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?resize=1147%2C199\" alt=\"Bitcoin holders in the money\" width=\"1147\" height=\"199\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=1147 1147w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=1140 1140w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Bitcoin-holders-in-the-money.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-516680\" class=\"wp-caption-text\">Bitcoin holders in the money: Source: <a href=\"https:\/\/app.intotheblock.com\/coin\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">IntoTheblock<\/a><\/figcaption><\/figure>\n<div>\n<h2><span data-preserver-spaces=\"true\">Most Bitcoin Holders Have Been In The Red<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Even as BTC appears to recover, there must be a comprehensive breakout to solidify and revive demand. Based on the recent Bitcoin price action, most holders appear to be in the green after an extended period of losses.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_516664\" aria-describedby=\"caption-attachment-516664\" style=\"width: 1071px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-516664\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?resize=1071%2C462\" alt=\"Realized Price\" width=\"1071\" height=\"462\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?w=1071 1071w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Realized-Price.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-516664\" class=\"wp-caption-text\">Bitcoin Realized Price: Source: <a href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/market-indicator\/realized-price?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line\" target=\"_blank\" rel=\"noopener nofollow\">Cryptoquant.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Trackers show that holders have been in losing territory since mid-August 2022.\u00a0 The situation only worsened in subsequent months when fear, uncertainty, and doubt (FUD) swept across the crypto and BTC markets, forcing the coin even lower. This draw-down was because of the unexpected collapse of <a href=\"https:\/\/ktsl888.com\/crypto\/ftx-ftt-token-spikes-43-a-revival-happening\/\" target=\"_blank\" rel=\"noopener \">FTX<\/a>, a cryptocurrency exchange, and Alameda Research, a trading firm closely associated with the Sam Bankman-Fried exchange.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">By early November, BTC had <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\/\" target=\"_blank\" rel=\"noopener \">dropped<\/a> by over 65% from 2021 peaks, highlighting the level of apprehension across the board, pushing the Realized Price even lower.\u00a0<\/span><\/p>\n<\/div>\n<h2><span data-preserver-spaces=\"true\">Realized Versus Market Price<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Realized Price is a metric that measures the price of all BTC currently in supply at the rate they were bought. The value obtained is then divided by the BTC in the circulating supply. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The result gives an &#8220;average cost basis&#8221; which is then used to describe the Realized Price. It is different from the spot market price because the latter indicates Bitcoin&#8217;s current price based on real-time supply and demand. Like any other asset, BTC prices are massively determined by market forces, with the &#8220;hype&#8221; element, describing sentiment, another factor to consider.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/ktsl888.com\/all\/bitcoin-daily-rsi-reaches-explosive-levels\/\">Overbought Or Ready To Rip? Bitcoin Daily RSI Reaches Explosive Levels<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">That more than half of Bitcoin holders are profitable at spot rates is important. Realized Price helps judge the overall economic state of the Bitcoin market. How this metric fluctuates versus the market price tells whether BTC holders are buoyant or distressed. In technical analysis, the Realized Price can be used to mark resistance or support levels.<br \/>\n<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Technically, whenever the Realized Price exceeds the Market Price, it indicates some BTC holders are in profit. If it drops below Market Price, then on aggregate, a section of market participants is in red. Profitability depends on the price level they bought.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Flickr, Charts from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>59% of Bitcoin holders are profitable as the coin trades above the current Realized Price, which is the cost basis of the average BTC holder,\u00a0IntoTheblock data on January 19, shows. Parallel on-chain streams show that the realized price of Bitcoin is around $19,700. Comparing this number with the spot BTC price presently at over $20,700, it means 59% of coin holders are sitting on profits, a net positive for the ecosystem. This development is a shot in the arm for HODLers, considering the sharp contraction of prices over the past few months. Then BTC plunged from around $69,000 in November 2021 to slightly over $15,000 in 2022. On-chain data are crunched in real-time, and analysts interpret them to gauge the state of the market. Their interpretation, in turn, could massively influence sentiment and determine how retail traders act based on price action. Related Reading: Bitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks As BTC prices react from $21,600 posted earlier this week, on-chain statistics show more than half of BTC holders are in green. Only 38% of market participants are out of the money. Most Bitcoin Holders Have Been In The Red Even as BTC appears to recover, there must be a comprehensive breakout to solidify and revive demand. Based on the recent Bitcoin price action, most holders appear to be in the green after an extended period of losses. Trackers show that holders have been in losing territory since mid-August 2022.\u00a0 The situation only worsened in subsequent months when fear, uncertainty, and doubt (FUD) swept across the crypto and BTC markets, forcing the coin even lower. This draw-down was because of the unexpected collapse of FTX, a cryptocurrency exchange, and Alameda Research, a trading firm closely associated with the Sam Bankman-Fried exchange. By early November, BTC had dropped by over 65% from 2021 peaks, highlighting the level of apprehension across the board, pushing the Realized Price even lower.\u00a0 Realized Versus Market Price Realized Price is a metric that measures the price of all BTC currently in supply at the rate they were bought. The value obtained is then divided by the BTC in the circulating supply. The result gives an &#8220;average cost basis&#8221; which is then used to describe the Realized Price. It is different from the spot market price because the latter indicates Bitcoin&#8217;s current price based on real-time supply and demand. Like any other asset, BTC prices are massively determined by market forces, with the &#8220;hype&#8221; element, describing sentiment, another factor to consider. Related Reading: Overbought Or Ready To Rip? Bitcoin Daily RSI Reaches Explosive Levels That more than half of Bitcoin holders are profitable at spot rates is important. Realized Price helps judge the overall economic state of the Bitcoin market. How this metric fluctuates versus the market price tells whether BTC holders are buoyant or distressed. In technical analysis, the Realized Price can be used to mark resistance or support levels. Technically, whenever the Realized Price exceeds the Market Price, it indicates some BTC holders are in profit. If it drops below Market Price, then on aggregate, a section of market participants is in red. Profitability depends on the price level they bought. Featured image from Flickr, Charts from TradingView.com<\/p>\n","protected":false},"author":384,"featured_media":516669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,87444,86297,1122],"class_list":["post-516663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-market-price","tag-bitcoin-realized-price","tag-btc-price"],"acf":[],"yoast_head":"\n<title>59% of Bitcoin Holders Are Sitting On Profits<\/title>\n<meta name=\"description\" content=\"59% of Bitcoin holders are profitable as the coin trades above the current Realized Price, which is the cost basis of the average BTC holder,\u00a0IntoTheblock\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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