Bitcoin’s recent significant rise to new all-time highs has resulted in massive gains in the market as investors, both retail and of the institution they are currently seeing significant returns from their investments, further cementing BTC’s position as the leading digital asset in the entire crypto industry.
Bullish Run Pushes Bitcoin Owners into Profitable Zone
Amid the growing interest in Bitcoin, data from the advanced investment data platform, Alphractal shows that almost 99.9% of all BTC addresses are currently profitable, marking a major milestone owners of crypto assets.
This achievement represents its recent high, with all wallets holding BTC now showing gains as the digital asset inches closer to record highs. Also, the development underscores the strong accumulation and confidence of investors, which may support its higher momentum.
After a thorough navigation of the BitcoinPercentage of profit addresses vs. In the loss metric, the platform reported that each time a BTC address became profitable, the platform only lasted two days.
In addition, Alphractal highlighted that the percentage of profitable addresses fluctuates between 80% and 100% for the months of the 2017 and 2020/2021 cycles. However, the metric could not maintain its 100% position at the end of 2021.
It is important to note that the increase in benefit of all addresses it may cause a bearish swing in Bitcoin. This is because at similar times, the market tends to face short corrections, which suggests that the renewed price strength of BTC may face take it back soon. “Therefore, with Bitcoin breaking all time, several days of correction are expected,” the platform said.
However, if the percentage falls while Bitcoin prices are still trending higher, the signs of improvement are that investors are taking exposure to higher prices, corresponding to local peaks in previous cycles.
BTC Average Profit Metric Approaching Previous Levels
The continuous rise of Bitcoin in the past weeks has also led to an increase in its average profit index as it moves towards the level of the last cycle, indicating higher profits for investors and traders.
Macro researcher and on-chain data analyst, Axel Adler Jr. shared a good development of recent posts on the X (formerly Twitter) platform. In general, the rise of the index supports future BTC price action, attracting both old and new new investors.
According to recent reports, the key index has grown more than 221%, with the previous peak of 272% and the previous cycle peaks of 460% and 395%. Meanwhile, the average profit of users is now 121% higher than their initial investment.
At the time of writing, BTC it was trading at $76,090, representing about 1.50% over the previous day. In a larger perspective, as a weekly and monthly period, the crypto asset rose more than 8% and 22%, respectively, with signs of further growth.
Featured image from Unsplash, chart from Tradingview.com
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