Record Number of Bitcoin Addresses Now Profitable Despite Price Below All-Time High
- There are now nearly 40M Bitcoin addresses in profit, a new record high
- 80% of Bitcoin addresses are currently "in the black" with BTC at $34K
- This is despite BTC's price still being 50% below its all-time high
- The number of addresses in profit has gone from 60% to 80% in the past two months
- Long-term holders are seeing "minimal" profit-taking compared to short-term holders