As Bitcoin continues its upward trend, reaching near $60,000, the profitability of various investor groups is shifting. CryptoQuant CEO Ki Young Ju recently shared insights into the cost-based levels at which different types of investors have acquired Bitcoin, offering a clear view of who’s in profit and who’s at a loss.
When Ju initially provided this data, Bitcoin was trading at $57,000. Now, with Bitcoin at $60,000, the average profitability for these investor groups has changed:
- New Custody Wallets/ETFs: Purchased Bitcoin at $62,000, currently at a -3% loss.
- Binance Investors: Entered the market at $55,000, now enjoying a +9% profit.
- Mining Companies: Acquired Bitcoin at $43,000, currently at a +40% gain.
- Old Whales: Purchased Bitcoin at $27,000, securing an impressive +122% profit.
The Impact of Broader Economic Conditions
While Bitcoin’s price rises, broader economic factors continue to influence the market. Investors are closely watching the Federal Reserve, which is expected to cut interest rates for the first time since 2020. Initially, a 25-basis-point rate cut was anticipated, but expectations have shifted. According to CME Group, the probability of a larger 50-basis-point cut has jumped from 28% to 46% in just one day. This change comes after reports from The Wall Street Journal and Financial Times indicated that Fed officials are divided on the best course of action.
For more updates on Bitcoin’s performance and other market trends, stay tuned to Deythere.
Bitcoin investor data, Binance investor profits, whale investments, Bitcoin mining profitability, Deythere
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