Only New Custodial Wallets and ETFs Face Losses in Bitcoin Investment: CryptoQuant CEO Reveals Market Disparities

As a seasoned crypto investor with several years under my belt, I can confidently say that the current market dynamics are a testament to the age-old adage: “Buy low, sell high.” Ki Young Ju’s analysis beautifully illustrates this principle, highlighting the stark contrast between newcomers and veterans in the Bitcoin market.


Ki Young Ju, the CEO and founder of CryptoQuant, an on-chain market intelligence platform, has disclosed some intriguing distinctions in the Bitcoin market. In a recent post on his social media (previously Twitter), he analyzed three distinct groups – miners, traders, and investors – and contrasted the prices at which they initially bought Bitcoin with its current price of $57,000.

Older Investors and Miners Still in Profit Despite Recent Bitcoin Fluctuations

Based on his research findings, Young Ju concluded that it’s primarily newer custodial wallet users and ETF investors who are experiencing losses right now. However, he asserts that long-term investors and mining companies are currently enjoying substantial returns.

Based on the CEO’s description, investors who bought custodial wallets and ETF shares when the average price for Bitcoin was around $62,000 are experiencing a 6% decrease in their investments at present prices. Although this price decline might worry newcomers, those who previously purchased Bitcoin when its average cost was approximately $55,000 are currently enjoying a small profit of about 3%.

A different set of companies benefiting right now are mining firms. These companies have managed to earn a substantial profit margin of 32%, given they purchased their Bitcoins on average for around $43,000 each.

One way to rephrase the given text in a more natural and easy-to-read manner is:

In essence, the significant difference in profits between established investors and newer participants in the cryptocurrency market underscores the advantages of a long-term approach when dealing with this highly volatile market.

Current Market Overview

At the moment of reporting, Bitcoin was being exchanged for approximately $58,164, showing a 0.20% increase over the past day, as per data from Coinspeaker. Although this minor growth has been recorded, it’s evident that newer market entrants haven’t fared particularly well. In contrast, seasoned investors are enjoying more substantial profits due to the current price swings.

It’s clear that price fluctuations will persist in the future, given the passage of time and market adjustments. Intriguingly, as the cryptocurrency world unfolds with its unique traits, the boundary between gains and losses is likely to remain sharp. This is particularly relevant for individuals who entered the market during Bitcoin’s latest peak.

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2024-09-13 15:04