#NewHighOfProfitableBTCWallets The number of profitable Bitcoin wallets has reached new heights. According to recent data, over 90% of Bitcoin addresses are now "in the black," meaning they're profitable. This surge is attributed to Bitcoin's price breaking through the $45,000 resistance, pushing over 90% of all BTC addresses into profitability.

In fact, Glassnode reports that nearly 40 million Bitcoin addresses are now profitable, with 80% of Bitcoin addresses in profit when the price hit $34,000. This is a significant milestone, especially considering Bitcoin's price is still 50% below its all-time highs.

Some key statistics include

- *Profitable Addresses*: 39.1 million addresses are in profit, with 81.1% of addresses showing profitability.

- *Addresses at Loss*: Just over 9 million addresses are at a loss, significantly lower than the 20 million seen in December 2022.

- *Market Trend*: The number of profitable addresses has increased from 60% to 80% over the past two months, indicating a strong market trend.

It's worth noting that long-term holders have shown minimal profit-taking, while short-term holders have been more active in taking profits.