Bitcoin Buyers From 2019 Back in Profit as BTC Chases $24K

Recent Bitcoin gains have landed another group of buyers back in the green as prices close in on another key level.

Bitcoin prices have held onto recent gains this weekend, lifting to a new high for the year during the Monday morning Asian trading session.

The move has placed another cohort of BTC buyers into the profit zone. According to Glassnode, those that bought Bitcoin in 2019 are back in the green again. The average withdrawal price for that year was $21,800, according to data from the analytics company. Those who bought in 2020 and 2022 are still in the red on average, with prices needing to move above $28K for the group to see a profit on holdings. Buyers from 2021 are deep in the red on average and won’t see a profit until BTC prices approach $38K.

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