The Bitcoin network has recorded a new all-time high with the number of profitable wallets surpassing 55 million, marking the highest level to date. This figure indicates that the vast majority of Bitcoin holders are keeping balances with market values higher than their purchase prices, reflecting a clear strength in the current market position.
Data shows that the average holding period of Bitcoin in these wallets is about 4.4 years, which reflects a broad inclination towards long-term investment strategies. This behavior typically contributes to reducing immediate selling pressure and provides a degree of relative stability to the market.
However, some analysts believe that the rising percentage of profitable wallets may pave the way for a short-term correction, as some investors might take profits. Yet, this possibility is considered a natural part of market cycles and is not a decisive indication of a change in the overall trend.
Overall, these figures reflect a state of balance between optimism and caution: on one hand, there is an expansion in the base of investors benefiting from Bitcoin gains, while on the other hand, the element of volatility remains as a fundamental characteristic of digital asset markets.
