According to the latest data shared by cryptocurrency analyst Alphractal, only 9.6% of Bitcoin holders are at a loss. This rate stands out as one of the lowest levels in history when compared to major market crashes in the past.
Alphractal summarizes this situation by comparing it with data from previous years:
- 2012: 84.7% loss
- 2015: 76% loss
- 2018: 56.2% loss
- 2020: 59% loss
- 2021: 29.5% loss
- 2022: 49% loss
- Early 2024: 21.6% loss
At the point we have reached today, about 90% of the addresses are in profit, which indicates that the current market health is quite strong, according to the analytics firm.
Alphractal’s analysis highlights not only Bitcoin, but also data on the overall crypto market:
- The number of active cryptocurrencies on CoinMarketCap continues to decline.
- There are currently at least 818 active cryptocurrency exchanges on the market that have liquidity.
- The total number of trading pairs decreased from 105K to 100,900.
- Altcoin dominance (stablecoinler hariç) is only at 27.84%.
- The total market dominance of Bitcoin and stablecoins has exceeded 72%, the highest level since 2020.
This data indicates that the current market cycle is very different from previous cycles, according to the analytics company. Even as the number of active altcoins increases, the dominance over the market remains in Bitcoin and stablecoins. According to the Alphractal analyst, this doesn’t mean that altcoin season is impossible, but it shows how strong Bitcoin remains even in the midst of competition.
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