The surge in Bitcoin’s price past the $65,000 mark has led to a notable increase in the number of profitable Bitcoin addresses.
Recent data reveals that over 50.67 million Bitcoin (BTC) addresses, equating to 94% of all BTC holders, accumulated the asset below the $65,500 level.
Conversely, approximately 3.37 million addresses—about 6% of total holders—purchased Bitcoin at an average price of $68,139, representing a total of 1.58 million BTC.
Currently, over 80,000 daily active addresses are realizing profits, while around 247,000 holders are nearing their initial investments, with only 3,440 active addresses recording losses.
A similar trend was observed in late September when Bitcoin’s price dipped from $65,800 on September 28 to $60,000 on October 3, as traders sought short-term gains. The current market indicators suggest a local peak, with movements occurring without significant long-term catalysts.
Driving the recent Bitcoin price surge is a spike in short liquidations, with over $145 million in crypto assets liquidated within the last 24 hours; Bitcoin accounted for $63 million of this figure.
Additionally, substantial inflows of $555.9 million into U.S. spot BTC exchange-traded funds have contributed to heightened bullish sentiment among investors and traders.
Despite recent corrections, Bitcoin’s price remains up 1.8% over the past 24 hours, currently trading at $65,750. The asset’s market capitalization stands at $1.3 trillion, accompanied by a daily trading volume of $39.5 billion.
Current analytics show Bitcoin’s Relative Strength Index (RSI) at 64, indicating that the asset is slightly overbought. A cooling down of the RSI closer to the 50 mark could pave the way for further price increases.
