Bitcoin Holders Profitable Despite Recent Price Drop

Despite a recent price plunge, Bitcoin’s overall performance for investors remains positive. On-chain data aggregator IntoTheBlock reveals that over 85% of Bitcoin holders are currently in profit, demonstrating the asset’s resilience during market volatility. Notably, the chart from IntoTheBlock highlights this trend even as prices dropped to around $74,700 this week, a significant fall from the previous peak at $82,500. This surge in demand is attributed by analysts to recent favorable developments, including the US president’s pause on trade tariffs and Kevin O’Leary’s call for higher tariffs against China.