No Bitcoin HODLer is Currently Losing Money: Data

Bitcoin’s price witnessed a substantial uptick lately, crossing $62,000 following the long-anticipated pivot from the US Federal Reserve. America’s central bank lowered interest rates on September 18 for the first time in years, making money-borrowing cheaper and potentially boosting investor interest in risk-on assets such as BTC.

According to IntoTheBlock, almost 88% of the HODLers are currently sitting on paper profits, while 12% are breakeven. What’s more interesting is that nobody holding the asset is underwater at the moment.

IntoTheBlock data further shows that 71% of the BTC holders are long-term investors, entering the ecosystem over 12 months ago. 25% have done so in the past year, whereas only 5% hopped on the bandwagon in the last 30 days.

Another high-ranked cryptocurrency whose holders are predominantly in the green is Tron (TRX). Currently, 94% of its investors are sitting on paper profits, 3.4% are break-even, and only 2.7% are down on their initial investments.

TRX’s price is slightly down on a weekly scale but well in the green since the start of the year. It trades at around $0.15 as of the moment, meaning a 50% increase since January 1.

Bitcoin’s resurgence was met with huge enthusiasm from numerous members of the cryptocurrency community, some of whom believe the rally is nowhere near its end.

X user Jelle argued that BTC’s “3-day bullish divergence is playing out, and it looks like it ain’t done just yet.” The analyst thinks a “full bull” run could be ignited once the asset reclaims the $65,000 resistance level. “Uptober approaching quickly. Let’s roll,” they concluded.

Ali Martinez also contributed. He claimed the resumption of the bull market depends on BTC closing above $61,500 on September 18. However, the asset could not achieve that goal, finishing the day at around $60,200.