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A record number of $BTC Bitcoin wallets are in profit, which is a big deal for the market. 📈 This signals a confidence boost among long-term investors, which is great for the market. 💪 However, this could also lead to some holders cashing out, potentially causing a short-term correction. 📉 Historically, these peaks in profitability have aligned with major turning points for Bitcoin. Are we heading for a new rally or a period of consolidation? 🤔 Here's what traders should keep an eye on: * Funding rates: Are derivatives markets getting too hot? 🔥 * On-chain flows: Are whales moving their BTC to exchanges to sell? 🐳 * Support levels: Is the $60K–$62K zone a major battleground? ⚔️ Ultimately, the surge in profitable wallets is a bullish sign for the long run, showing that accumulation is paying off. But be careful, because when everyone's in the green, a surprise move could be right around the corner. ⚠️ #NewHighOfProfitableBTCWallets #BTC.