84% of Bitcoin Addresses Are in Profit. Where Is the Pain?

Bitcoin's onchain data tells a surprisingly different story.

As of September 22, 2026, approximately 84.11% of Bitcoin addresses were in profit, according to the CoinGlass chart.

$BTC was trading around $86,604 at the recorded timestamp.

That leaves roughly 16% of addresses underwater.

But here's the interesting part:

If Bitcoin holders are still largely profitable, where has the pain in crypto actually been?

Look further out on the risk curve:

🟡 Altcoins
🟡 Memecoins
🟡 Leverage

Bitcoin can remain relatively resilient while higher-risk segments of the crypto market experience much deeper drawdowns.

Maybe the real story of this cycle isn't that crypto investors lost money, but where they lost it. 👀

#Bitcoin #Memcoin #OnchainData #Altcoins #TDMM