Despite recent volatility, long-term holders of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE) are enjoying substantial gains — a payoff for their patience during earlier market cycles.
What Happened: According to new data from Santiment, 94.5% of Bitcoin's circulating supply is currently in profit, followed by Ethereum at 88.7%, reflecting strong investor conviction.
XRP (65.1%), Dogecoin at 64.7%, and Chainlink (CRYPTO: LINK) at 59.4% also show solid profitability, though these levels suggest a more balanced sentiment between caution and optimism.
Cardano (CRYPTO: ADA), however, lags with only 46.5% of its supply in profit, indicating that a majority of holders are underwater.
While this signals bearish sentiment among investors who bought near previous highs, it could also represent a potential value opportunity if bullish momentum returns in the second half of 2025.
This implies undervaluation and more of a bearish sentiment from jaded investors who bought at a higher price than where ADA sits currently.
Also Read: ‘Bitcoin Senator’ Cynthia Lummis Lauds White House’s ‘Real Enthusiasm’ For Crypto Legislation
Why It Matters: High profitability levels often signal strong market confidence, but they can also precede profit-taking corrections, particularly when fear and greed rapidly alternate.
Santiment observed that Bitcoin has recently climbed back to $108,200, buoyed by positive reaction to the ceasefire between Israel and Iran, which remains intact.
Meanwhile, Chainlink's 11% surge today came as the number of LINK holders hit a record 769,380.
Despite this, active wallets over the past year are down 17.3%, signalling a shift toward long-term accumulation.
Ethereum's outlook also remains optimistic, with trader Ted Pillows noting that whales are positioning long, suggesting bullish expectations into year-end.
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