In recent days, Bitcoin’s price has faced another correction, prompting active discussions among analysts. Some view it as a temporary phenomenon, while others fear it marks the beginning of a deeper downturn.
On-Chain Risk Levels
CryptoQuant analyst Crazzyblockk reports high-risk levels within Bitcoin's user activity. The correction began after U.S. President Donald Trump announced new import tariffs, coinciding with BTC's slide from nearly $84,000 to around $76,000. While panic selling initially caused concern, major wallets began 'buying the dip', suggesting this movement may be a healthy correction rather than a market breakdown.
Most Investors Are in Profit
Data from IntoTheBlock shows that as of April 15, only 10% of Bitcoin addresses are currently at a loss, while 88% remain profitable. A significant portion of these wallets was acquired at much lower prices. The 10% underwater primarily includes around 5.25 million wallets that bought Bitcoin at its all-time highs, indicating strong long-term conviction among holders.
Long-Term Holders Remain Strong
According to CryptoQuant and IntoTheBlock, 74% of Bitcoin holders have held their coins for over a year, and 22% for 1–12 months. Only 4% of the market consists of short-term traders, which explains the absence of massive sell-offs despite the ongoing correction. This long-term holding pattern has been a reliable foundation for Bitcoin in previous downturns.
Despite signs of fragility, the majority of investors remain profitable, and long-term holders continue to provide strong support for Bitcoin's price. However, widespread engagement from a broader audience is crucial for sustained growth.
