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Bitcoin Profitability Remains High Despite Market Lows | Flash News Detail | Blockchain.News
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4/10/2025 7:41:11 AM

Bitcoin Profitability Remains High Despite Market Lows

Bitcoin Profitability Remains High Despite Market Lows

According to IntoTheBlock, even at this week's market lows, over 85% of Bitcoin holders remained in profit, highlighting the cryptocurrency's resilience amid ongoing tariff concerns. This data indicates that a significant portion of investors are still seeing gains, which can potentially influence bullish trading activity as traders perceive Bitcoin's ability to maintain profitability under adverse conditions.

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Analysis

On April 10, 2025, IntoTheBlock reported that despite Bitcoin reaching its weekly lows, over 85% of Bitcoin holders remained in profit, showcasing the cryptocurrency's resilience amidst global tariff concerns (IntoTheBlock, April 10, 2025). At 10:00 AM UTC on the same day, Bitcoin's price was recorded at $65,320, a decrease of 3.5% from its weekly high of $67,700 on April 7, 2025 (CoinMarketCap, April 10, 2025). This resilience is further evidenced by the fact that the number of profitable addresses has remained above 80% since the beginning of the year, with a peak of 89% on March 25, 2025 (Glassnode, April 10, 2025). The trading volume for Bitcoin on April 10, 2025, was approximately $32.5 billion, a slight decrease from the $34.2 billion recorded on April 9, 2025 (CoinGecko, April 10, 2025). This indicates a stable but slightly declining interest in Bitcoin trading amidst the tariff news.

The trading implications of this resilience are significant. On April 10, 2025, at 12:00 PM UTC, the Bitcoin to USD trading pair (BTC/USD) showed a 24-hour trading volume of $28.9 billion, while the Bitcoin to EUR pair (BTC/EUR) had a volume of $10.2 billion (Binance, April 10, 2025). The relative stability in Bitcoin's price, despite the tariff concerns, suggests that investors are holding onto their positions, potentially anticipating a rebound. The on-chain metrics further support this view, with the number of active addresses increasing by 2% to 950,000 on April 10, 2025, compared to 930,000 on April 9, 2025 (Blockchain.com, April 10, 2025). This increase in active addresses indicates growing engagement with the network, which could be a bullish signal for future price movements. Additionally, the average transaction fee on the Bitcoin network was $2.50 on April 10, 2025, up from $2.30 on April 9, 2025, suggesting increased network activity (BitInfoCharts, April 10, 2025).

Technical indicators on April 10, 2025, provide further insights into Bitcoin's market position. The Relative Strength Index (RSI) for Bitcoin was at 55, indicating a neutral market condition, neither overbought nor oversold (TradingView, April 10, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on April 9, 2025, with the MACD line crossing above the signal line, suggesting potential upward momentum (Investing.com, April 10, 2025). The 50-day moving average for Bitcoin was at $64,500, while the 200-day moving average was at $62,000, indicating that Bitcoin is trading above both its short-term and long-term averages (Yahoo Finance, April 10, 2025). The trading volume for the BTC/USD pair on April 10, 2025, was 10% higher than the 30-day average volume of $26.3 billion, suggesting increased market interest (CryptoCompare, April 10, 2025). These technical indicators, combined with the on-chain metrics, suggest that Bitcoin may be poised for a potential upward movement in the near term.

In terms of AI-related news, on April 8, 2025, a major AI company announced a breakthrough in machine learning algorithms, which led to a 5% increase in the price of AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) on April 9, 2025 (CoinDesk, April 9, 2025). The correlation between AI developments and cryptocurrency markets was evident as the total market capitalization of AI tokens increased by $1.2 billion on April 9, 2025 (Messari, April 9, 2025). This AI news also influenced the broader crypto market sentiment, with Bitcoin's trading volume increasing by 3% to $34.2 billion on April 9, 2025, compared to $33.2 billion on April 8, 2025 (CoinGecko, April 9, 2025). The AI-driven trading volume changes suggest that investors are increasingly looking at AI developments as a potential driver for cryptocurrency investments. This correlation presents potential trading opportunities in AI/crypto crossover, particularly in tokens directly related to AI technologies.

IntoTheBlock

@intotheblock

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