The post 100% of Bitcoin Wallets Now Profitable! Michael Saylor Says: ‘No One Has Ever Lost Money’ appeared first on Coinpedia Fintech News
Bitcoin is back in the spotlight, loud and clear.
The world’s leading cryptocurrency surged past $111,800 on Thursday, hitting a new all-time high after Treasury yields climbed due to a weak 20-year U.S. bond auction. Just days ago, Bitcoin briefly dropped to $106,000, only to bounce back strongly, breaking its previous peak of $109,200 on Wednesday and touching nearly $112,000.
This sharp rally has reignited bullish energy across the market with major players weighing in.
Saylor Doubles Down on Bullish View
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), took to X to proclaim, “No one has ever lost money buying Bitcoin.” Crypto influencer Altcoin Daily echoed this, noting that in Bitcoin’s 16-year history, 100% of holders are currently in profit.
On-chain data from IntoTheBlock backs this up, revealing all 19.89 million BTC in tracked wallets are “in the money,” with profitable holdings valued at a staggering $2.21 trillion.
Derivatives Market Heats Up: Volumes, Leverage, and Liquidations
The rally also fired up the derivatives market.
Trading volume jumped 84% to hit $221 billion
Open interest rose 17%, signaling more leveraged positions
Funding rates stayed positive, showing that long traders are paying to keep their bets open
Meanwhile, short sellers were hit hard:
In the past 24 hours, $179 million worth of short positions were liquidated
In contrast, longs only saw $51.61 million in liquidations
Options trading volume also surged 85%, as traders prepare for more market swings
What’s Next for Bitcoin’s Price?
Analysts are zeroing in on key resistance levels. Joe DiPasquale, CEO of BitBull Capital, pegs $120,000 as the next major target, tied to Fibonacci extensions.
Veteran analyst Peter Brandt is even bolder, predicting Bitcoin could hover in the range of $125,000 and $150,000 (about 12.5% and 34.7% away from its present price) in the next three months. As Bitcoin charges forward, market watchers are glued to these key indicators.
In a Nutshell:
Saylor informs that 100% of Bitcoin holders are in profit, and repeatedly asks investors and institutions to buy and hold Bitcoin.
While Bitcoin’s price run brings joy in the crypto world, the question is, will investors HODL or bow down to the high market volatility? Let us wait and analyse.