According to BlockBeats, data from IntoTheBlock reveals that 95% of Bitcoin addresses are currently in a profitable state. The last time this level of profitable addresses was reached was during the 2021 bull market when the price of Bitcoin exceeded $60,000.
This indicates a strong market sentiment and a potential continuation of the upward trend for the leading cryptocurrency. The 2021 bull market saw significant gains for Bitcoin and other cryptocurrencies, with many investors experiencing substantial returns on their investments.
As the market continues to show positive signs, it is essential for investors to remain vigilant and monitor the performance of their assets closely. The cryptocurrency market is known for its volatility, and while the current data suggests a favorable outlook, it is crucial to stay informed and make informed decisions based on the latest market trends and developments.