Bitcoin Rebounds Above $82K as 85% of Holders Stay in Profit

Bitcoin (BTC) has bounced back above the $82,000 level following recent price volatility, offering relief to investors. Despite dipping as low as $74,700 earlier this week, on-chain data from IntoTheBlock reveals that over 85% of BTC holders are still in profit. The data was shared via a recent post on X, highlighting the resilience of long-term holders amid market turbulence.

The initial price drop was triggered by geopolitical tensions, as the U.S. president announced sweeping new trade tariffs affecting 180 countries. A specific warning was issued to China, suggesting even harsher tariffs if Beijing retaliates. This announcement led to a sharp decline in risk assets, including cryptocurrencies.

However, investor sentiment quickly reversed when the president followed up with a 90-day pause on the proposed tariffs. The move helped restore confidence in global markets, particularly in digital assets like Bitcoin, which are often seen as hedges against macroeconomic instability.

At the time of writing, Bitcoin is trading at $82,048, marking a modest 0.8% gain over the past 24 hours. The recovery underscores the growing resilience of the crypto market and suggests that confidence among holders remains high, even during turbulent times.

With more than 85% of holders still seeing gains, this metric is a strong indicator of continued investor confidence in Bitcoin. As macroeconomic developments unfold, the flagship cryptocurrency appears to be holding its ground, reinforcing its status as a leading store of value in the digital age. Investors will now be watching closely for the next moves in U.S.-China trade dynamics and their potential impact on crypto markets.