The number of Bitcoin wallet addresses in profit hit a record 39.1 million on October 30, surpassing the previous high of 38.1 million in November 2021.<\/p>\n
The in-profit BTC addresses are currently at an 18-month high of 81.1%, according to Glassnode<\/a> data. This percentage increased from 60% to 80% in just two months.<\/p>\n The BTC addresses at a loss have also dropped to a little over 9 million. In December 2022, as the crypto market plunged due to FTX’s bankruptcy, more than 20 million addresses were at a loss.<\/p>\n The significant increase in in-profit addresses comes as BTC nears an 18-month high. Bitcoin is currently up by around 26% in just one month and was trading at $34,526 at 08:00 ET on October 31.<\/p>\n The total number of non-zero BTC addresses currently sits at 48.3 million despite Bitcoin’s spot price remaining 50% lower than its ATH.<\/p>\n Bitcoin’s price continues to show strength at the $34K level despite market chatter on spot BTC exchange-traded fund (ETF) approval cooling down.<\/p>\n Valkyrie recently amended its spot BTC ETF filing, refueling speculation that the US securities regulator might approve this new investment class.<\/p>\n UPDATE: @ValkyrieFunds<\/a> joins the prospectus amendment train for their spot #Bitcoin<\/a> ETF. Things still moving behind the scenes. pic.twitter.com\/z5WAvZtFwE<\/a><\/p>\n — James Seyffart (@JSeyff) October 30, 2023<\/a><\/p><\/blockquote>\nBitcoin Shows Strength Above $34K<\/h2>\n
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