Overheated Market? 95% of Bitcoin Wallets Are Now in a State of Profit

Bitcoin’s recent price surge to surpass the $68,000 mark has left a staggering 95% of Bitcoin addresses on chain enter a state of profit, which has led to a boom in market sentiment amid the recovery. According to data shared by on-chain data firm IntoTheBlock, only 3% of Bitcoin addresses are currently at-the-money, meaning that […] source: https://www.cryptoglobe.com/latest/2024/10/overheated-market-95-of-bitcoin-wallets-are-now-in-a-state-of-profit/