{"id":501772,"date":"2022-09-09T23:00:00","date_gmt":"2022-09-09T23:00:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501772"},"modified":"2024-06-11T06:52:23","modified_gmt":"2024-06-11T06:52:23","slug":"bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours\/","title":{"rendered":"Bitcoin Profitability Jumps As Price Adds $1,500 In 24 Hours"},"content":{"rendered":"

 <\/p>\n

Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. This jump in price has come with a number of positive implications, including the profitability for investors who are holding the cryptocurrency. Where less than half of all investors had been in profit when BTC had declined below $19,000, the recent recovery has pushed the percentage upwards once more.<\/p>\n

50% Are In Profit<\/h2>\n

According to data from IntoTheBlock<\/a>, half of all bitcoin investors are currently recording profit at current prices. The 7.7% jump in the digital asset\u2019s price over the last day had seen to it that more investors saw gains on their coins once more.<\/p>\n

Presently, the percentage of investors who are in the money is at a perfect 50%. Even more interesting is the percentage of investors who are currently in the neutral territory. At 11%, the data shows that a good number of investors had actually purchased their BTC in the $20,000 territory. As for those in loss, it currently sits at 39% of all investors.<\/p>\n

Related Reading: Bitcoin Detractor Peter Schiff Says It\u2019s Time To Sell BTC, Here\u2019s Why<\/a><\/strong><\/em><\/div>\n

The holder composition by time also held points towards a pattern of long-term holding leading to more profit. A total of 63% have held their coins for a period of more than 1 year, while 32% have held their coins for between 1-12 months.\u00a0<\/span><\/p>\n

Now, looking at the market and the prices the cryptocurrency was trading at in the last year, it is obvious that those who bought their coins in the last year are most likely to be at loss, while those who bought over a longer timeframe are more likely to be in profit. Once again reiterating the importance of long-term holding in the crypto market.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC recovers close to $21,000 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n

But Are Investors Bullish On Bitcoin?<\/h2>\n

With the decline in price from $69,000 to the current level, there has been some panic in the market. This is further escalated by the fact that a lot of investors are moving to sell their coins in order to avoid incurring more losses.<\/p>\n

One alarming development is the amount of BTC supply that is currently active in the market<\/a>. Throughout the bull market, the amount of active supply remained low until the downtrend began. This has led to almost 1 million BTC active supply in the market, marking a 22-month high.\u00a0<\/span><\/p>\n

Related Reading: Terra Classic Jumps Double-Digits, Is It Time To Buy?<\/a><\/strong><\/em><\/div>\n

The last time such a high supply had been active was back in October 2020. Interestingly though, this was right at the start of the bull market. So it is possible that such a high active supply is may play into the current recovery and push the price higher. This would actually mean that the bottom of the market was reached when it touched $17,600. Added to the accumulation trend<\/a> that is slowly building it up, it spells a recipe for higher prices.<\/p>\n

Featured image from NDTV.com, chart from TradingView.com<\/pre>\n

Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

  Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. This jump in price has come with a number of positive implications, including the profitability for investors who are holding the cryptocurrency. Where less than half of all investors had been in profit when BTC had declined below $19,000, the recent recovery has pushed the percentage upwards once more. 50% Are In Profit According to data from IntoTheBlock, half of all bitcoin investors are currently recording profit at current prices. The 7.7% jump in the digital asset\u2019s price over the last day had seen to it that more investors saw gains on their coins once more. Presently, the percentage of investors who are in the money is at a perfect 50%. Even more interesting is the percentage of investors who are currently in the neutral territory. At 11%, the data shows that a good number of investors had actually purchased their BTC in the $20,000 territory. As for those in loss, it currently sits at 39% of all investors. Related Reading: Bitcoin Detractor Peter Schiff Says It\u2019s Time To Sell BTC, Here\u2019s Why The holder composition by time also held points towards a pattern of long-term holding leading to more profit. A total of 63% have held their coins for a period of more than 1 year, while 32% have held their coins for between 1-12 months.\u00a0 Now, looking at the market and the prices the cryptocurrency was trading at in the last year, it is obvious that those who bought their coins in the last year are most likely to be at loss, while those who bought over a longer timeframe are more likely to be in profit. Once again reiterating the importance of long-term holding in the crypto market.\u00a0 BTC recovers close to $21,000 | Source: BTCUSD on TradingView.com But Are Investors Bullish On Bitcoin? With the decline in price from $69,000 to the current level, there has been some panic in the market. This is further escalated by the fact that a lot of investors are moving to sell their coins in order to avoid incurring more losses. One alarming development is the amount of BTC supply that is currently active in the market. Throughout the bull market, the amount of active supply remained low until the downtrend began. This has led to almost 1 million BTC active supply in the market, marking a 22-month high.\u00a0 Related Reading: Terra Classic Jumps Double-Digits, Is It Time To Buy? The last time such a high supply had been active was back in October 2020. Interestingly though, this was right at the start of the bull market. So it is possible that such a high active supply is may play into the current recovery and push the price higher. This would actually mean that the bottom of the market was reached when it touched $17,600. Added to the accumulation trend that is slowly building it up, it spells a recipe for higher prices. Featured image from NDTV.com, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":501778,"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":[428,605,1119,86815,1144,78790],"class_list":["post-501772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-investors","tag-btc","tag-btc-profitability","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Profitability Jumps As Price Adds $1,500 In 24 Hours<\/title>\n<meta name=\"description\" content=\"  Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Profitability Jumps As Price Adds $1,500 In 24 Hours","url":"http:\/\/uniquehot.com\/news\/bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/bicoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/bicoin.jpeg?fit=650%2C400"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin investors","btc","btc profitability","btcusd","btcusdt"],"dateCreated":"2022-09-09T23:00:00Z","datePublished":"2022-09-09T23:00:00Z","dateModified":"2024-06-11T06:52:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Profitability Jumps As Price Adds $1,500 In 24 Hours\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-profitability-jumps-as-price-adds-1500-in-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/bicoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/bicoin.jpeg?fit=650%2C400\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin investors\",\"btc\",\"btc profitability\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2022-09-09T23:00:00Z\",\"datePublished\":\"2022-09-09T23:00:00Z\",\"dateModified\":\"2024-06-11T06:52:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/bicoin.jpeg?fit=650%2C400","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501772"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=501772"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/501778"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=501772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=501772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=501772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}