#NewHighOfProfitableBTCWallets *New High of Profitable BTC Wallets: A Record-Breaking Milestone*
The cryptocurrency market has reached a significant milestone, with over 90% of Bitcoin wallets now in profit. This surge is attributed to Bitcoin's recent price increase, which has pushed the cryptocurrency's value closer to its all-time high.
*Key Statistics:*
- *Profitable Wallets:* Over 90% of Bitcoin wallets are now profitable, with the number of addresses in profit reaching a record high of nearly 40 million.
- *Bitcoin Price:* The current price of Bitcoin is around $111,300, with a 3.38% increase in the last 24 hours.
- *Wallet Distribution:* Wallets holding 100+ BTC have hit a new all-time high, with over 19,130 wallets falling into this category ¹ ² ³.
*Market Trends:*
The recent surge in profitable wallets is a recurring trend in Bitcoin's bull cycles. As the cryptocurrency's price continues to rise, more wallets are entering the profit zone. This trend is expected to continue, with some analysts predicting Bitcoin's price to reach new highs ² ⁴.
*Top Bitcoin Wallets:*
Some of the top Bitcoin wallets include ⁵:
- *Binance Cold Wallet:* Holding over 248,598 BTC, valued at approximately $27.6 billion
- *Robinhood Cold Wallet:* Holding over 140,575 BTC, valued at approximately $15.6 billion
- *Bitfinex Cold Wallet:* Holding over 130,010 BTC, valued at approximately $14.5 billion
*Impact on Bitcoin Price:*
The increasing number of profitable wallets may lead to a rise in selling pressure, as some holders might choose to capitalize on their gains. However, the overall sentiment remains bullish, with many investors expecting Bitcoin's price to continue rising ²..
$BTC