- Glassnode data showed close to 40 million Bitcoin wallet addresses were in profit.
- The figure marked an all-time high, surpassing levels last seen during the 2021 bull market.
- Addresses currently holding at a loss hover around 9 million, a decrease from the 20 million seen last December.
Following the recent upward trend in the world’s largest cryptocurrency, Bitcoin, Glassnote data shows the number of Bitcoin wallet addresses holding the digital asset profitably has also increased.
Indeed, the latest data from the on-chain analytics firm revealed that nearly 40 million Bitcoin addresses were in profit. This sudden rise came on the back of a recent market rally that took Bitcoin’s price as high as $35,000.
Bitcoin wallet addresses in profit chart. Source: Glassnode
The recent spike marked the highest amount of Bitcoin wallet addresses in profit, surpassing the 38.1 million recorded during the 2021 bull market. More so, the spike is coming at a time when BTC’s price is still considerably below its all-time high.
Despite the increase, the 2021 levels still surpassed current standings, as over 100% of Bitcoin addresses with a non-zero balance…
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