HODL: 79% of Bitcoin Addresses Are in Profit, Will They Sell?

August 25, 2019 | By | Reply | 24 Readers More


Bitcoin has undoubtedly had a stellar 2019 so far. Year to date, the cryptocurrency has gained some 200%, rallying from around $3,500 to $10,000.

Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC

While this market’s whales have undoubtedly benefited from this performance, data suggests that a good majority of BTC users are actually profitable.

Thousands of Bitcoin Users Are Profitable

According to Into The Block, a machine learning-enhanced blockchain analytics firm, 79% of all Bitcoin addresses with a positive balance are in profit.

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