All TRX Investors Are Now Profitable, Market Mood Turns Bullish

A new data insight from CryptoQuant reveals that every investor holding Tron TRX $0.25 24h volatility: 0.6% Market cap: $23.27 B Vol. 24h: $464.89 M

A new data insight from on-chain analytics firm CryptoQuant has revealed that every investor holding Tron (TRX) is currently in the green.

This milestone comes as Tron continues to gain strength in the cryptocurrency market, backed by an increase in trading activity and growing confidence among investors.

As seen in a post on X by CryptoQuant, the analysis firm’s Analyst Burak Kesmeci shared an update on Tron showing that all cohorts, including short-term holders, are now in profit.

“Cohorts with holding periods of 1 week, 1 month, 3 months, as well as 6 months and 1 year all turned green. STHs being in profit is a strong driver of positive sentiment in the market.”

Investors in Profit, Market Mood Turns Bullish

The report comes after a period of consistent gains for Tron, which has seen its price increase steadily over the past few months.

This sustained price appreciation, coupled with rising trading volume, has contributed to a bullish market mood, with most investors now sitting in the green.

The CryptoQuant data shows that even those who bought TRX at the height of the recent market cycle are now seeing some profit, which is a rare occurrence in the crypto market.

Typically, short-term investors are the first to experience losses during a bear market, as they tend to be more sensitive to rapid price fluctuations.

However, the fact that they are now in profit is a positive sign and could indicate that the market is shifting in favor of the bulls.

The report also looked at indicators such as SOPR (Spent Output Profit Ratio) and NUPL (Net Unrealized Profit/Loss) to assess the level of profit or loss in investors’ holdings.

These indicators are used to gauge the overall health and status of the market.

At the time of writing, Tron was trading at around $0.2709, reflecting a 0.27% rally in the last 24 hours. This price boost has helped it maintain a strong position among the top cryptocurrencies globally.

CoinMarketCap data shows that Tron currently holds the 10th spot by market cap, which now stands at $25.71 billion. The 24-hour trading volume reached $993.14 million, with the TRX/USDT pair on HTX showing the highest activity.

Considering general market sentiment and the current profit level, it’s likely that we might see a slight drop in Tron’s price.

However, with most investors in the green and good levels of trading activity, there is potential for sustained price increases in the coming weeks or months.