According to the latest research data from the blockchain analysis company Glassnode, Bitcoin buyers in 2019 have now all returned to a profitable state, with an average withdrawal price of $21,800 that year.
However, those who bought bitcoin in 2020 and 2022 are still at a loss and need the price of bitcoin to rise above $28,000 to see a profit.
Buyers beyond 2021 are at a loss and will only be able to profit when the price of Bitcoin approaches $38,000.
Bitcoin hit $23,955 on Monday morning, its highest level since mid-August 2022, data showed.