30+ million Bitcoin addresses are in profit after BTC spike

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  • Bitcoin addresses in profit are at a 9-month high of 30+ million.
  • More unique addresses top 30 million in profit by early April 2022.
  • Non-zero addresses also hit a 1-month high, while addresses with 0.01+ BTC are at an all-time high.

number of Bitcoin Addresses that are currently in profit have hit a 9-month high, on-chain data shared by crypto platform Glassnode shows. shows,

According to the metric, the percentage of unique addresses that held bitcoin funds in profit stood at 30,081,429 on Monday morning. The figure is a 7-day moving average measurement and reflects the current price of BTC Purse compared to the average purchase price.

Therefore, more than 30 million of these BTC addresses currently hold coins that were worth less than their current value at the time of purchase.

Chart showing the number of BTC in profit. Source: Glassnode.

Addresses with 0.01+ coins are at an all-time high

At the time of writing, bitcoin addresses in profit (7-day moving average) sat at a 9-month high following bitcoin’s latest price action. The last time many of these BTC addresses were in profit was in early April-May 2022 – coinciding with the Terra and Three Arrows Capital collapse events that helped push the price below $40k.

Bitcoin finally hits $15,600 low in November amid FTX-triggered sell-off, likely to see more buy bitcoin,

Now BTC is up more than 40% in 2023 and is currently above the $23,000 price level, which has helped add more than 7 million unique addresses to the profitable bracket since the price began rising in January.

Meanwhile, there is an even number of non-zero addresses increasedReached a 1-month high of over 43 million. In fact, according to on-chain data Glassnode, the number of addresses with 0.01+ coins recently reached an all-time high of 11,484,618. shared Monday early.

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