BITCOIN PROFIT BY WALLET SIZE
Which Bitcoin holders are up, and which are down?
Every size of holder, the average price they paid, and whether they're sitting on a profit or a loss right now.
| Size of holding | Average buy price | Up or down today |
|---|---|---|
| 10,000+ BTC | $57,547 | up 11% |
| 1,000 to 10,000 BTC | $61,657 | up 3% |
| 100 to 1,000 BTC | $67,263 | down 5% |
| 10 to 100 BTC | $27,807 | up 129% |
| 1 to 10 BTC | $48,938 | up 30% |
| 0.1 to 1 BTC | $47,914 | up 33% |
| 0.01 to 0.1 BTC | $48,363 | up 31% |
How many of the seven size groups are sitting on a profit, over the years. The higher Bitcoin's price, the more groups sit above their average buy price — so this line rises through big rallies and falls after deep drops.
Which holders are up, and which are down?
6 of the 7 size groups are sitting on a profitThe 10 to 100 BTC group is furthest ahead, up 129% on the average price they paid — while the 100 to 1,000 BTC group is the one underwater, down 5%.
How much is each group sitting on?
The same coins, valued at today's price. This shifts with the market every day even when no coins move — it is a dollar readout, not a change in who owns what.
$785.1Bheld by the 100+ BTC groups19,978 addresses$399.7Bheld by the 1 to 100 BTC groups960,030 addresses$87.0Bheld by the under-1 BTC groups11,957,172 addressesWhat does this mean?
The higher Bitcoin's price climbs, the more size groups sit above the average price they paid — so in a strong market most of the ladder glows. The rows worth watching are the exceptions: a group that is underwater bought, on average, higher than today's price.
Right now the 100 to 1,000 BTC group is the one under water. Whether the smallest holders or the largest are deepest in profit shifts across the years — the chart above tracks how many of the seven groups are in the green over the whole history. This is a description of where each group stands today, read straight from the chain, not a prediction.
Understanding Bitcoin Realized Profit by Wallet Size
Sort every Bitcoin address by how much it holds, then ask a different question than usual: not how many coins each size group owns, but whether that group is in profit. Every group has an average price it paid, read straight from the chain, and comparing that to today's price tells you whether that group is, on average, up or down.
This is where two ideas meet. One is size: the smallest balances up to the very largest. The other is profit: above or below what they paid. Put them together and you can see, for instance, the largest holders barely in profit while a mid-sized group sits deep in the green, or a single group underwater while the rest are comfortably up.
Remember that an address is not a person. One person can hold many addresses, and a single exchange can hold the coins of millions of customers in a few. Coins that are lost forever still count. So read each row as a group of addresses of that size, never a headcount of owners, and read each average buy price as exactly that, an average with plenty of spread inside the group.
The chart tracks how many of the seven size groups are sitting on a profit across the whole history. The higher Bitcoin's price climbs, the more groups sit above their average buy price, so the line rises through big rallies and falls after deep drops, a plain and honest read on how widely the profit is shared.
Each group's average buy price is read straight from the chain — the price its coins last moved at, weighted by how much moved. These are addresses, not people: one person can hold many addresses, and a single exchange can hold millions of customers' coins in a few. So read every row as a group of addresses of that size, never a headcount of owners.