Bitcoin News
By Sakamoto Nashi
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Long-Term Holders Boost the Profit Figure. The 69% — this figure hides something important. In July, 79% of the BTC in circulation were held…
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The $83,000 Threshold, the Real Test. The market has a milestone to reach. $83,000. It's the level many see as crucial to confirm a…
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Bitcoin is back at $80,000. With this resurgence, about 69% of the circulating supply has returned to positive territory — meaning the current price exceeds the on-chain…
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The rebound since mid-August has been sharp, in a good way. Bitcoin had hit $62,000 not long before — a drop that had put many wallets in the red.
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So when we say 69% of the supply is in profit, it's true — but it's largely thanks to these old holders.
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And that's where it gets interesting. These long-term holders tend not to sell. Even when prices rise. Even when they could cash in massive gains.
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Related Reading: Genius Group Aims for $2 Billion in Bitcoin and AI After Forced Liquidation
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Why $83,000? Because at this level, a larger portion of investors who bought at high prices — around $75,000, $80,000, $82,000 — would return to positive.
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Related: Bithumb Prevails in Lawsuit Over Massive 620,000 Bitcoin Distribution Error
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It's still unclear which of the two will occur.
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CryptoQuant closely monitors capital engagement. Their take: despite the rebound, a significant portion of funds remains at a loss. The path to full recovery is still long.
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Holders who bought around $65,000, $70,000, or $75,000 have regained a positive position with this return to $80,000. It's a sign of resilience, probably.
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On the Same Topic: BlackRock ETF Bitcoin Wallets Reach 3,620 BTC as Price Struggles Below $81,000
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The concentration of supply among old holders could limit sharp movements — that's the classic argument. These investors don't sell under the pressure of short-term fluctuations.
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Bitcoin at $80,000 is a comeback. Not yet a victory. The real signal will be $83,000 — and how the market reacts when it gets there.
The Currency Analytics
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