Markets· ★★· neutral·

Bitfinex: All Bitcoin Holder Cohorts Back in Profit

  • —All Bitcoin holder cohorts are back in profit, per Bitfinex
  • —Smallest wallets hold above a ~$48,000 cost basis since early 2023
  • —Larger, newer buyers remain underwater despite overall profitability
  • —Bitcoin trading volumes stay low amid cautious market sentiment
Why it matters: Retail holders' resilience may support demand, but underwater positions of larger buyers weigh on the market.
#BTC
Source: Coinfomania
More on this
Markets · Sep 30
Chainlink Pulls Back to $14.67 After Topping $15 as Small Holders Take Profits
 Markets · Oct 1
Bitfinex: 71.3% of Bitcoin Supply in Profit, 75% Needed for Bull Market
 Markets · Sep 22
Bitfinex: Bitcoin up 47% since July with minimal profit-taking