Holding Bitcoin (BTC): A Profitable Affair 89% of Days

At the end of last week, the price of Bitcoin went over $31.1k. After noticing that the price didn’t move much over the weekend, they kept it around the psychological $30,000 mark. At press time, however, it looked like bears were in charge because Bitcoin was trading in the red after a 1.4% drop.

Even so, greed continued to be the main trait of the market. Early on Monday, April 17, the fear and greed measure for Bitcoin showed a reading of 69, which showed the same thing. On the one hand, greed makes the market need to be fixed. On the other hand, several experts think that Bitcoin’s recent rise to $30,000 is the start of what is expected to become a full-fledged bull run in the middle term.

Bitcoin Fear and Greed Index is 69. Greed
Current price: $30,312 pic.twitter.com/ffEnOcqyWQ

— Bitcoin Fear and Greed Index (@BitcoinFear) April 17, 2023

Bitcoin (BTC) Profitable Days

No matter how you look at the near future, it is interesting to note that of the 4,620 days, Bitcoin has been around, its owners have been in the black for about 4,122 days. According to information from Blockchain.com, investors have made money 89.22% of the time based on the current price.

As shown in the table below, long-term buyers have only lost money on 501 days, or 10.84% of the total number of days. In the unprofitable time, only one long trail is shown in red in the picture below.

It’s also interesting to note that the number of Bitcoin addresses making money has also increased. Based on information from Glassnode, the same just hit a 1-year high of 75.57%. At the same time, the collecting trend is in full swing. Today, the number of addresses with more than 0.1 coins hit a new all-time high of 4,308,379, which shows buyers are not tied down.