65% of bitcoin addresses are profitable again

On the night of Wednesday, February 8, Bitcoin rose to $23,226.

The largest digital currency is trying to stay above the psychological mark of $23,000, which can transform into a zone of strong support for it.

By the end of January, BTC soared by about 40%. As a result of the run, the share of profitable addresses in the network increased to 65% in early February, according to data from IntoTheBlock. 30% of bitcoin holders now remain unprofitable.

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

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

Santiment analysts also recorded a wave of registrations of small bitcoin addresses. Since January 20, another 620,000 wallets have appeared on the blockchain, controlling up to 0.1 BTC.

Researchers attribute the surge in investor activity to Bitcoin’s rebound above $20,000 in the middle of last month.

As a result, the share of addresses holding cryptocurrency for less than 30 days increased from 4% to 7%.

At the same time, hodlers still dominate the network. According to the same IntoTheBlock platform, 70% of bitcoin holders have not moved their coins for more than a year.

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