Despite facing volatile fluctuations akin to those experienced in 2017, Bitcoin remains steadfast. More than 90% of the cryptocurrency's circulating supply remains profitable, showcasing resilience amidst market turbulence. Analysis of onchain data reveals a narrative of endurance and speculation. This year, Bitcoin appears to be replaying the drama of its 2017 journey. The digital asset's rollercoaster ride in 2024 mirrors the unpredictability of Breton weather, with dramatic price swings highlighting its speculative nature. However, enthusiasts stand unwavering, holding their positions with the tenacity of seasoned traders. This steadfast support remains unshaken by external factors, indicating a strong market foundation impervious to regulatory changes or macroeconomic shifts. Recent data from Glassnode brings a glimmer of hope to Bitcoin holders as over 90% of the supply remains profitable despite recent market volatilities. The majority of circulating bitcoins were acquired below current market prices, reflecting a robust market structure capable of weathering cyclical shocks. Trends indicate a complex interplay between price fluctuations and entity profitability, with entities maintaining positions to reinforce market support and potentially mitigate significant declines. The consolidation of prices at crucial levels and sustained profitability hint at a newfound stability in the Bitcoin market, despite its ever-changing nature. While Bitcoin continues to offer excitement, holders seem to have mastered the art of remaining resilient.
Bitcoin Resilience and Market Dynamics

by Giorgi Kostiuk
2 years ago

Other news
Strategy's Bitcoin Accumulation Could Surpass Satoshi Nakamoto

Strategy, led by Michael Saylor, is on track to become the largest single holder of Bitcoin, potentially surpassing Satoshi Nakamoto within two years.

HKMA Issues Warning on Fraudulent Stablecoins Linked to HSBC and Anchorpoint

The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent stablecoins falsely claiming to be issued by licensed issuers HSBC and Anchorpoint.

Surge in Social Media Sentiment for Bitcoin Price Predictions

Recent data indicates a significant increase in social media discussions predicting Bitcoin prices, particularly a bullish sentiment towards $90,000.

Bitcoin Social Volume Indicates Shift Towards Bullish Sentiment

The social media sentiment around Bitcoin has recently flipped, with bullish calls for $90,000 overtaking bearish predictions.

Cardano Sees Major Adoption Milestones in Q1 2026

In Q1 2026, Cardano achieved significant adoption milestones with the launch of USDCx and interoperability advancements through LayerZero's integration.

Cardano Enhances Infrastructure and Scaling Solutions

Input Output has reported significant infrastructure upgrades and scaling solutions for Cardano, including the stable release of Mithril and advancements in Hydra.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter