{"id":596059,"date":"2025-03-03T16:30:08","date_gmt":"2025-03-03T16:30:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=596059"},"modified":"2025-06-11T06:46:22","modified_gmt":"2025-06-11T06:46:22","slug":"bitcoin-profitability-reaches-97-for-the-first-time-in-over-2-years","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-profitability-reaches-97-for-the-first-time-in-over-2-years\/","title":{"rendered":"Bitcoin Profitability Reaches 97% For The First Time In Over 2 Years"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin has had an <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-unbreachable-wall-support-60300\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">eventful few weeks<\/span><\/a><span style=\"font-weight: 400\"> in terms of price action. The world&#8217;s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/shiba-inu\/shiba-inu-just-ballooned-to-124-whats-pushing-the-price-up\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Just Ballooned To 124% \u2013 What\u2019s Pushing The Price Up?<\/a><\/div>\n<h2><b>Number Of Bitcoin Addresses In Profit Skyrockets As Prices Surge<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to crypto on-chain analytics platform <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/BTC\/deep-dive?group=financials&amp;chart=inAndOut\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400\">, 50.62 million Bitcoin addresses are currently in profit at the current price level. This huge figure represents over 97% of the total wallet addresses. Notably, the last time holders saw this much profitability was in November 2021 when the price of Bitcoin was around $69,000, nearing its all-time high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, market playout has seen Bitcoin continue its massive gains over the past few months. <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin-price-nears-50000-milestone-again-with-91-of-addresses-now-in-profit\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Just last month<\/span><\/a><span style=\"font-weight: 400\">, 91% of addresses were in profit. Despite some sporadic sell-offs and profit-taking from some investors attempting to break even, the percentage of addresses in profit continues to grow as the huge profitability means selling pressure no longer has a significant effect.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-596061\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/a_83a4e6.png?resize=576%2C248\" alt=\"\" width=\"576\" height=\"248\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/a_83a4e6.png?w=576 576w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/a_83a4e6.png?w=460 460w\" sizes=\"(max-width: 576px) 100vw, 576px\"><\/p>\n<p>&nbsp;<\/p>\n<h2><b>How Long Can Bitcoin Sustain This Upward Momentum?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin prices have skyrocketed over the past several months, <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/breaking-bitcoin-price-smashes-above-60000-are-new-aths-ahead\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">recently topping $60,000<\/span><\/a><span style=\"font-weight: 400\"> again. The top crypto is currently trading at $62,233 at the time of this writing, and 1.28 million addresses, which account for 2.46% of the total addresses, are at a break-even point.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/tnMKpumt\/\" width=\"1835\" height=\"883\"><\/p>\n<pre style=\"text-align: center\">Bitcoin is now trading at $62,233. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">The price surge can be attributed to <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-etf-breaks-records-blackrocks-ibit-joins-elite-10-billion-club-amidst-soaring-demand\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">increased mainstream adoption<\/span><\/a><span style=\"font-weight: 400\"> in the traditional investing world spearheaded by <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/blackrock-spot-bitcoin-etf-launches-in-brazil-etf-market-secures-4-of-total-btc-supply\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\">. This in turn has ushered in a new wave of holding mentality. In February, 69,244 BTC worth over $3.6 billion <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/02255426?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">were withdrawn from crypto<\/span><\/a><span style=\"font-weight: 400\"> exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, those who have profited the most are those who have been holding Bitcoin long-term. According to IntoTheBlock, 13.6 million Bitcoins are in the possession of investors who have held onto their assets for over a year. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, new investors can still look forward to a continued price surge, as Bitcoin faces virtually little to no resistance in its path. Only 0.37% of addresses (193,000) are still waiting to make a profit at the current price.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/solana-meme-coin-dogwifhat-wif-hits-new-ath-market-cap-breaks-1-6-billion\/\" target=\"_blank\" rel=\"noopener \">Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion<\/a><\/div>\n<p><span style=\"font-weight: 400\">Most experts remain optimistic about Bitcoin\u2019s price potential for the rest of 2024 and beyond. With the bull run in full swing, many traders and crypto analysts think Bitcoin will continue setting new all-time highs in 2024. Price targets for the end of the year range from $100,000 up to $300,000 per Bitcoin.\u00a0<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has had an eventful few weeks in terms of price action. The world&#8217;s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit. Related Reading: Shiba Inu Just Ballooned To 124% \u2013 What\u2019s Pushing The Price Up? Number Of Bitcoin Addresses In Profit Skyrockets As Prices Surge According to crypto on-chain analytics platform IntoTheBlock, 50.62 million Bitcoin addresses are currently in profit at the current price level. This huge figure represents over 97% of the total wallet addresses. Notably, the last time holders saw this much profitability was in November 2021 when the price of Bitcoin was around $69,000, nearing its all-time high. Notably, market playout has seen Bitcoin continue its massive gains over the past few months. Just last month, 91% of addresses were in profit. Despite some sporadic sell-offs and profit-taking from some investors attempting to break even, the percentage of addresses in profit continues to grow as the huge profitability means selling pressure no longer has a significant effect. &nbsp; How Long Can Bitcoin Sustain This Upward Momentum? Bitcoin prices have skyrocketed over the past several months, recently topping $60,000 again. The top crypto is currently trading at $62,233 at the time of this writing, and 1.28 million addresses, which account for 2.46% of the total addresses, are at a break-even point.\u00a0 Bitcoin is now trading at $62,233. Chart: TradingView.com The price surge can be attributed to increased mainstream adoption in the traditional investing world spearheaded by Spot Bitcoin ETFs. This in turn has ushered in a new wave of holding mentality. In February, 69,244 BTC worth over $3.6 billion were withdrawn from crypto exchanges. Notably, those who have profited the most are those who have been holding Bitcoin long-term. According to IntoTheBlock, 13.6 million Bitcoins are in the possession of investors who have held onto their assets for over a year. However, new investors can still look forward to a continued price surge, as Bitcoin faces virtually little to no resistance in its path. Only 0.37% of addresses (193,000) are still waiting to make a profit at the current price.\u00a0 Related Reading: Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion Most experts remain optimistic about Bitcoin\u2019s price potential for the rest of 2024 and beyond. With the bull run in full swing, many traders and crypto analysts think Bitcoin will continue setting new all-time highs in 2024. Price targets for the end of the year range from $100,000 up to $300,000 per Bitcoin.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":596065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,4735,3505],"class_list":["post-596059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-price-action","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Bitcoin Profitability Reaches 97% For The First Time In 2 Years<\/title>\n<meta name=\"description\" content=\"Bitcoin has had an eventful few weeks in terms of price action. 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