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What Percentage of Bitcoin Holders Are in Profit After Price Broke $64K?

26.09.2024 19:30 1 min. read Alexander Zdravkov
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What Percentage of Bitcoin Holders Are in Profit After Price Broke $64K?

After the price of Bitcoin broke above $64,000, the majority of cryptocurrency holders are in profit.

With the price of BTC around $65,300 at the time of writing, around 88% of holders of the asset are in profit according to information provided by IntoTheBlock.

This marks a recovery from earlier in the summer when they were only around 65% when prices fell below $55,000.
The higher percentage suggests that more holders are making profits, which often correlates with positive market sentiment.=

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Historically, rising profit percentages have accompanied upward price movements, serving as a barometer of market confidence and potentially influencing trading behavior.

The recovery to 88% reflects renewed investor optimism after periods of volatility.

Alexander Zdravkov
Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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