Bitcoin’s recent significant upward move to a new all-time high has triggered massive gains in the market as investors, both retail and institutional are currently seeing notable profits from their investments, further solidifying BTC’s position as the leading digital asset in the entire crypto industry.

Bullish Run Pushes Bitcoin Holders Into Profitable Territory

Amidst rising interest toward Bitcoin, data from advanced investment data platform, Alphractal shows that about 99.9% of all BTC addresses are currently in profit, marking a major milestone for holders of the crypto asset.

This accomplishment reflects its recent uptrend, with all wallets holding BTC now showing gains as the digital asset inches closer to higher levels. Also, the development underlines robust accumulation and investors’ confidence, which could further support its upside momentum.

After thorough navigation of Bitcoin‘s Percentage of Addresses in Profit Vs. Loss metric, the platform reported that each time the overall address of BTC has been in profits, the stage has only lasted up to two days.

Furthermore, Alphractal highlighted that the percentage of profitable addresses fluctuated between 80% and 100% for months in the 2017 and 2020/2021 cycles. However, the metric was unable to maintain its position at 100% at the top in late 2021.

It is important to note that

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Author: Godspower Owie