Bitcoin has once again stunned the financial world, breaking past the $112,000 mark and marking a historic milestone in its 16-year journey. For the first time ever, every single Bitcoin wallet holding the cryptocurrency is now in profit, according to on-chain data. This extraordinary feat has reignited bullish momentum across the crypto market and drawn commentary from some of the industry’s most influential voices.
One of the most vocal supporters, Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), seized the moment to reassert his faith in the digital asset. Saylor declared on social media that “no one has ever lost money buying Bitcoin,” a bold statement that resonated with many long-time holders who have seen the value of their assets grow dramatically over the years.
The recent rally was fueled by a sudden shift in the traditional financial markets. A disappointing 20-year U.S. Treasury bond auction led to rising yields, pushing investors to seek alternative stores of value—and Bitcoin was the clear beneficiary.
After briefly dipping to around $106,000 earlier in the week, Bitcoin quickly recovered and began climbing. By Wednesday, it had already broken past its previous all-time high of $109,200. Then on Thursday, it surged again, hitting a peak of approximately $111,800. This strong rebound reflects growing confidence among both institutional and retail investors that Bitcoin remains a solid long-term bet, especially during times of economic uncertainty.
Michael Saylor has long been one of Bitcoin’s loudest and most consistent advocates. Under his leadership, Strategy has acquired billions of dollars in Bitcoin, holding it as a core treasury asset. With the market now validating his thesis, Saylor took to social media to remind followers of Bitcoin’s historic performance.
According to him, no one who has bought Bitcoin has ever truly lost money—especially if they held it over time. His claim is backed by the fact that, as of now, 100% of all tracked Bitcoin wallets are in profit. This is a powerful endorsement for long-term holders and a moment of vindication for those who have resisted the temptation to sell during previous downturns.
Supporting Saylor’s statement is the latest data from IntoTheBlock, a blockchain analytics firm. It shows that all 19.89 million Bitcoin in tracked wallets are currently in the green. The total value of these profitable holdings is now over $2.2 trillion, a figure that underlines the strength of Bitcoin’s recent price performance.
Such broad-based profitability is extremely rare in financial markets. It points to the strong resilience of Bitcoin as an asset class and the effectiveness of the buy-and-hold strategy that many in the crypto community have embraced for years.
As spot prices surged, the derivatives market saw explosive activity. Trading volumes jumped by 84%, reaching an estimated $221 billion. Open interest also rose sharply by 17%, indicating a rise in leveraged positions as traders bet on further gains.
Positive funding rates across major exchanges revealed that long positions were dominant, with bullish traders willing to pay a premium to maintain their positions. However, not everyone benefited from the surge. Short sellers faced heavy losses, with $179 million in short positions liquidated in the past 24 hours alone. In contrast, long traders saw only $51 million in liquidations, further underscoring the strength of bullish sentiment.
Options trading also surged by 85%, reflecting increased speculation on Bitcoin’s next move. Traders are now positioning themselves for more volatility, with the asset breaking into uncharted territory.
Looking forward, analysts are pointing to key resistance levels. Joe DiPasquale, CEO of BitBull Capital, suggests $120,000 as the next target, based on Fibonacci extensions. Meanwhile, veteran chartist Peter Brandt sees the potential for Bitcoin to trade between $125,000 and $150,000 within the next three months, depending on how the momentum plays out.
As Bitcoin continues to capture global attention, the focus now turns to whether this rally can sustain itself. Market volatility remains high, and while many investors are enjoying record gains, the challenge will be holding steady in the face of inevitable pullbacks.
Still, the current state of the market is a reminder of Bitcoin’s enduring potential. With every wallet now in profit and bullish sentiment reaching new highs, Bitcoin has once again demonstrated why it remains the king of cryptocurrencies.
Evie is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.
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