IntoTheBlock data on March 17 shows that 74% of Bitcoin holders are in the money at spot prices. 23% are out of the money, meaning they are holding to losing positions. When writing, only 4% are at break even, at parity with when they bought their bags.

However, the coin has maintained a sharp uptrend in the past week, rising from last week’s depths and soaring above $26,000, printing a new Q1 2023 high. 

(By Dalmas Ngetich)