#NewHighOfProfitableBTCWallets $BTC
BTCUSDT
Prep
87,801.5
-1.23%
ETHUSDT
Prep
2,947.64
-1.79%
XRPUSDT
Prep
1.8817
-2.11%
The percentage of profitable Bitcoin wallets has recently hit a new high, indicating a strong bullish sentiment in the market. This surge suggests that a significant majority of long-term holders are now "in the money," which often precedes periods of increased selling pressure as investors look to realize gains. However, it also reflects robust underlying demand and confidence in Bitcoin's future price appreciation.
Here's a visual representation of what that might look like