{"id":8041,"date":"2024-09-19T10:55:06","date_gmt":"2024-09-19T10:55:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8041"},"modified":"2024-09-19T10:55:06","modified_gmt":"2024-09-19T10:55:06","slug":"no-bitcoin-hodler-is-currently-losing-money-data","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8041","title":{"rendered":"No Bitcoin HODLer is Currently Losing Money: Data"},"content":{"rendered":"

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

Bitcoin surged past $62,000 after the US Fed lowered interest rates, with 88% of holders now in profit.
\nAnalysts remain bullish on BTC, predicting further gains if it reclaims the $65,000 resistance level, with optimism growing for an extended bull run.<\/p>\n

<\/a><\/p>\n

The Major Achievement<\/h2>\n

Bitcoin\u2019s price witnessed a substantial uptick lately, crossing $62,000 following the long-anticipated pivot from the US Federal Reserve. America\u2019s central bank <\/span>lowered<\/span><\/a> interest rates on September 18 for the first time in years, making money-borrowing cheaper and potentially boosting investor interest in risk-on assets such as BTC.\u00a0<\/span><\/p>\n

According<\/span><\/a> to IntoTheBlock, almost 88% of the HODLers are currently sitting on paper profits, while 12% are breakeven. What\u2019s more interesting is that nobody holding the asset is <\/span>underwater at the moment<\/span>.
\n<\/span><\/p>\n

<\/a>BTC Holders, Source: IntoTheBlock<\/p>\n

IntoTheBlock data <\/span>further<\/span> shows that 71% of the BTC holders are long-term investors, entering the ecosystem over 12 months ago. 25% have done so in the past year, whereas only 5% hopped on the bandwagon in the last 30 days.\u00a0<\/span><\/p>\n

Another high-ranked cryptocurrency whose holders are predominantly in the green is Tron (TRX). Currently, 94% of its investors are sitting<\/a> on paper profits, 3.4% are break-even, and only 2.7% are down on their initial investments.<\/span><\/p>\n

TRX\u2019s price is slightly down on a weekly scale but well in the green since the start of the year. It trades at around $0.15 <\/span>as of the moment<\/span>, meaning a 50% increase since January 1.<\/span><\/p>\n

Is BTC Ready to Climb to Higher Ground?<\/span><\/h2>\n

Bitcoin\u2019s resurgence was met with huge enthusiasm from numerous<\/span> members of the cryptocurrency community, some of whom believe the rally is nowhere near its end.<\/span><\/p>\n

X user Jelle <\/span>argued<\/span><\/a> that BTC\u2019s \u201c3-day bullish divergence is playing out, and it looks like it ain\u2019t done just yet.\u201d The analyst thinks <\/span>a \u201cfull bull\u201d run could be ignited<\/span> once the asset reclaims the $65,000 resistance level. \u201cUptober <\/span>approaching<\/span> quickly. Let\u2019s roll,\u201d they concluded.<\/span><\/p>\n

Ali Martinez also contributed. He claimed the resumption of the bull market depends on BTC closing above $61,500 on September 18. However, the asset could not achieve that goal, finishing the day at around $60,200.<\/span><\/p>\n

#Bitcoin<\/a> attempts to break through an important trend line. Closing today above $61,500 could signal the resumption of the bull market! #Uptober<\/a> pic.twitter.com\/CU2a38Jsdh<\/a><\/p>\n

\u2014 Ali (@ali_charts) September 18, 2024<\/a><\/p>\n

The post No Bitcoin HODLer is Currently Losing Money: Data<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin surged past $62,000 after the US Fed lowered interest rates, with 88% of holders now in profit. Analysts remain bullish on BTC, predicting further gains if it reclaims the $65,000 resistance level, with optimism growing for an extended bull run. The Major Achievement Bitcoin\u2019s price witnessed a substantial uptick lately, crossing $62,000 following […]<\/p>\n","protected":false},"author":0,"featured_media":8042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8041","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\/8041"}],"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=8041"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8042"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}