Bitcoin In/Out Of The Money

BTC News #26

One of the best features about Bitcoin is its transparency. Transactions are verified in real-time and anyone can view them. This especially becomes interesting and fun during times when Bitcoin is approaching all-time highs.

As the Bitcoin price has started its next uptrend surpassing $36,000 and on its way to its previous all-time high earlier this year, over 92% of Bitcoin addresses are in the money according to IntoTheBlock.

While majority of addresses are in the money, only 1.66% of addresses are outside the money.

From our article on aSOPR, we know that generally investors don’t like to sell at a loss in a bull market. This provides greater clarity on how the aSOPR metric plays off of the 1 and why pullbacks to it are healthy in bull markets.

Additionally, we can also get a better idea of time horizon from investors.

Majority of investors that have purchased below $10,260.43 can be viewed as having a longer time horizon for their Bitcoin investment. As we go lower down the price we see that about 9 million addresses have been holding their Bitcoin for years and are likely not willing to sell anytime soon.

Once price hits a new all-time high, 100% of addresses will be in the money until a pullback happens. Keeping an eye on this in addition to aSOPR throughout the bull cycle is a good idea for all investors to see the bigger picture as opposed to daily moves.

*PS I found an awesome resource for Bitcoin with a bunch of important data on one page. Bookmark this bitbo.

Let’s connect on Twitter. Looking forward to hearing your thoughts and feedback.


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Nothing in this article is investment advice. I’m not a financial advisor. Do not make investment decisions based on what is in this article or any other article written by BTC News or Blockedia.