Betoffcoin: The share of profitable bitcoin addresses has grown to 63%
Betoffcoin: The share of profitable bitcoin addresses has grown to 63%. According to the Betoffcoin platform, the range of BTC price fluctuations in April fell to the lowest since the fall of 2020. The small spikes that we observed last week and this week did not radically change the situation, the researchers note.
Last Monday, for the first time in six weeks, the leading digital currency fell below $38,500.
However, on the evening of April 25, it rebounded, thanks to the support of American traders who bought the fall. On the night of Wednesday, April 26, BTC is trading at $39,050.
The strengthening of the BTC exchange rate in the middle of the week led to an increase in the number of profitable addresses on the network. According to IntoTheBlock estimates, after BTC jumped above $40,000, the share of profitable addresses increased to 63%.
At the moment, only 28% of bitcoin wallets remain in the red. 8.8% of cryptocurrency holders are kept in a neutral status, since they bought coins at the current value.
The share of profitable wallets in the Ethereum network also increased after ETH returned to values above $3,000.