Quick Take
Bitcoin’s long-term holders, defined as those who have held the digital asset for more than 155 days, are currently experiencing overall healthy profits.
According to recent data analysis, around 14.9 million Bitcoin are held by such long-term investors, roughly 76% of the circulating supply. Out of this figure, approximately 13.3 million BTC are in a profitable position. This marginally falls short of the 2021 peak, which saw 13.5 million BTC in profit when the price was significantly higher at $66,000, in contrast to the current price of $45,000.
The data also reveals that about 1.6 million Bitcoin, held by long-term holders, are currently at a loss. Intriguingly, this figure aligns with the same loss levels experienced in March 2022. Notably, these long-term holders are in an arguably better position currently, as they possess a larger amount of Bitcoin profit at these lower prices.
The post Long-term Bitcoin holders demonstrate market resilience with a large majority in profit appeared first on CryptoSlate.
