65% of BTC Addresses Have Become Profitable Again

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BTC is trying to stay above $23,000, which could become a strong support for the crypto.

By the end of last month, BTC soared by about 40%. According to data from IntoTheBlock, as a result of the run, the share of profitable addresses in the network increased to 65% in early February. 30% of Bitcoin holders now remain unprofitable.

BTC’s rally returned investors to a positive mood, and the growth in the number of addresses with non-zero balance resumed.

According to Glassnode, the number of wallets holding 0.01 BTC or more has surpassed 11.524 million this week.

In addition, the experts of analytical company Santiment have recorded a wave of registrations of small Bitcoin addresses. Since January 20, another 620,000 wallets controlling up to 0.1 BTC have appeared on the blockchain.