{"id":64473,"date":"2025-05-07T10:42:32","date_gmt":"2025-05-07T10:42:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64473"},"modified":"2025-05-07T10:42:32","modified_gmt":"2025-05-07T10:42:32","slug":"bitcoins-btc-perfect-score-time-to-celebrate-or-be-cautious","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64473","title":{"rendered":"Bitcoin\u2019s (BTC) Perfect Score: Time to Celebrate or Be Cautious?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Bitcoin\u2019s recent price surge has supposedly pushed 100% of holders out of paper losses.<\/p>\n

However, historical data suggest caution, as similar periods of high profitability have preceded significant price corrections.<\/p>\n

<\/a><\/span><\/h2>\n

No Paper Losses?<\/h2>\n

The primary cryptocurrency\u2019s price jumped in the past 24 hours, briefly climbing above $97,500. The positive performance was likely driven by reports<\/a> that the United States and Chinese officials will hold trade talks this weekend and could potentially discuss the removal or reduction of certain barriers, such as the staggering tariffs.<\/span><\/p>\n

Somewhat expected, bitcoin\u2019s upswing has benefited investors. Data compiled by IntoTheBlock shows that the percentage of BTC holders currently sitting at paper losses has dropped to 0%. The proportion of those \u201cin the money\u201d is roughly 95%, whereas 5% are at break-even.
\n<\/span><\/p>\n

<\/a>BTC Holders in Profit, Source: ITB<\/p>\n

According to the analytics platform, 75% of all BTC investors joined the ecosystem more than a year ago, and 21% have done so in the last 12 months. The newest holders (those who entered in the past 30 days) comprise only 4% of the total share.\u00a0<\/span><\/p>\n

Despite its recent resurgence, BTC remains below its all-time high price of almost $110K, registered in mid-January. However, the gap has narrowed, and some analysts believe we might soon witness a fresh peak.\u00a0<\/span><\/p>\n

X user CRYPTOWZRD, for instance, <\/span>argued<\/span><\/a> that the asset is \u201cin a macro uptrend,\u201d predicting a pump to almost $150,000 in the following months.\u00a0<\/span><\/p>\n

KALEO and Changpeng Zhao (Binance\u2019s former CEO) were even more bullish. The former <\/span>thinks<\/span><\/a> BTC has the potential to cross $500,000 during this cycle, while the latter <\/span>believes <\/span><\/a>the valuation could explode to a whopping $1 million.\u00a0<\/span><\/p>\n

Cause for Concern<\/span><\/h2>\n

The stats notifying that no single BTC investor is sitting at a paper loss might sound encouraging, but it could also signal bad news for the bulls. <\/span><\/p>\n

There have been some occasions in the past when the asset\u2019s valuation experienced a substantial correction after such high (paper) profitability. In October 2024, for example, nearly 95% of BTC holders were <\/span>sitting<\/span><\/a> at some gains (at least on paper). Back then, the price stood at over $69,000, but shortly after, it briefly plunged below $65,500. Similar cases <\/span>were observed<\/span> in September and March last year.\u00a0<\/span><\/p>\n

The Relative Strength Index is another factor suggesting that BTC could head south in the short term. This technical tool measures the speed and magnitude of the latest price changes and helps traders identify possible trend reversals.<\/span><\/p>\n

It varies from 0 to 100, and ratios above 70 <\/span>are considered<\/span> bearish since they hint that the asset has entered oversold territory. The RSI has <\/span>been on the rise<\/span> in the past 24 hours, currently <\/span>standing<\/span><\/a> at around 66. According to CryptoWaves, this flashes the \u201cClose to Sell\u201d signal.<\/span><\/p>\n

The post Bitcoin\u2019s (BTC) Perfect Score: Time to Celebrate or Be Cautious?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin\u2019s recent price surge has supposedly pushed 100% of holders out of paper losses. However, historical data suggest caution, as similar periods of high profitability have preceded significant price corrections. No Paper Losses? The primary cryptocurrency\u2019s price jumped in the past 24 hours, briefly climbing above $97,500. The positive performance was likely driven by […]<\/p>\n","protected":false},"author":0,"featured_media":64474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64473"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64473"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64474"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}