The post Bitcoin’s 95% Active Addresses Turn Profitable: Will It Break Out or Break Down? appeared first on Coinpedia Fintech News
Bitcoin (BTC) is on the rise, jumping over 10% in just one week! In the last 24 hours, its price went up by more than 2%, crossing the important $67,300 mark. With 95% of Bitcoin addresses now in profit, excitement is in the air. Usually, when so many addresses are doing well, it means strong growth is coming. But as the buzz grows, a big question hangs over us: Will this push Bitcoin to break new highs, or are we about to see a big price drop?
95% of Active Addresses Are In Profit
According to recent data from IntoTheBlock, over 51 million Bitcoin addresses are currently in profit. This number is quite impressive, as it represents 95% of all BTC holders who bought their assets for less than $67,300.
With 95% of Bitcoin addresses now in profit, market sentiment is booming. Historically, such levels have signaled strong bullish momentum but
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