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
Producer Price Index Surpasses Expectations

Recent Producer Price Index (PPI) figures have surpassed expectations, showing a 3% increase compared to the anticipated 2.8%. This rise indicates potential challenges for future Consumer Price Index (CPI) adjustments.

Crypto Advocacy Groups Support White House Talks

Crypto advocacy groups express optimism about the upcoming White House meeting aimed at resolving industry disputes.

US Government Gains Control of Helix Mixer Assets

The US Department of Justice has seized over $400 million in assets linked to the darknet mixing service Helix.

Bybit Launches Mantle Super Portal for Seamless Cross-Chain Transactions

Bybit has partnered with Mantle to launch the Mantle Super Portal, facilitating seamless cross-chain transactions for MNT tokens between Ethereum and Solana.

Bybit Rebounds to Second-Largest Exchange by Volume After Record Hack

Bybit ranked as the second-largest crypto exchange globally in 2025, recovering from a historic hack where 15 billion was stolen, and capturing 81% of the global market share.

Pi Network Token Hits All-Time Low Amid Market Correction

The Pi Network's native token, PI, has fallen to a new all-time low, reflecting a significant decline in the cryptocurrency market.

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