According to the latest data shared by crypto analyst Alphractal, only 9.6% of Bitcoin holders are at a loss. This rate stands out as one of the lowest in history when compared to past major market crashes. 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 As of today, around 90% of addresses are in profit, indicating that current market health is quite strong, according to the analytics company. In the analysis presented by Alphractal, not only Bitcoin but also data on the general crypto market attracts attention: The number of active cryptocurrencies on CoinMarketCap continues to decline. There are currently at least 818 active cryptocurrency exchanges with liquidity in the market. The total number of trading pairs decreased from 105 thousand to 100,900. Altcoin dominance (excluding stablecoins) 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 if the number of active altcoins increases, the dominance of the market remains with Bitcoin and stablecoins. The Alphractal analyst points out that this does not mean that an altcoin season is impossible, but shows how strong Bitcoin remains even amidst the competition. *This is not investment advice.
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