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
Makina Successfully Recovers 920 ETH Following January 2026 Exploit

Makina successfully recovered approximately 920 ETH from a January 2026 exploit through a whitehat process.

Kansas Takes Bold Step with Senate Bill 352 for Crypto Reserve

Kansas has introduced Senate Bill 352, aiming to establish a state-level Bitcoin and crypto Strategic Reserve, marking a significant step in its approach to digital assets.

Spotify to Increase Subscription Prices Amid New AI Features

Spotify announces a price increase for its premium subscription plan to $13.99 starting in February, coinciding with the launch of new AI features.

BTC Pair Movement Shows Significant Activity

The BTC pair movement has changed by 46%, indicating additional cross-market activity and stable spot pricing.

Hedera's Real-World Asset Tokenization Gains Traction

Hedera has made significant strides in real-world asset tokenization, attracting institutional interest.

HBAR ETF Launch in 2025 to Boost Institutional Investment

The first US-listed spot HBAR ETF is set to launch in 2025, opening doors for institutional investors.

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