90% of Bitcoin Holders in Profit as BTC Price Shoots to $44,500 Amid Whale Accumulation
Bitcoin's price has surged to $44,500, with on-chain indicators suggesting further gains and a strong support at $43,080. PlanB's chart shows that 90% of all Bitcoins are currently in profit, the highest number since Bitcoin's peak in mid-November 2021. The rally is partially attributed to the rise in holdings among wallets containing over 1,000 Bitcoins, indicating renewed confidence among major Bitcoin holders. The ongoing momentum in US stock markets also provided support for risk assets such as cryptocurrencies, with analysts expecting a pre-halving rally for Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise Expands into Ethereum Staking with New Acquisition
Litecoin Redefines Itself as Memecoin, Stirring Up the Crypto Space
IBIT had a net inflow of US$125.2 million yesterday
ARKB had a net outflow of $159.7 million yesterday
Trending news
MoreCrypto prices
More
