{"id":17079,"date":"2023-01-30T15:29:48","date_gmt":"2023-01-30T15:29:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/30-million-bitcoin-addresses-are-in-profit-after-btc-spike\/"},"modified":"2023-01-30T15:29:48","modified_gmt":"2023-01-30T15:29:48","slug":"30-million-bitcoin-addresses-are-in-profit-after-btc-spike","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/30-million-bitcoin-addresses-are-in-profit-after-btc-spike\/","title":{"rendered":"30+ million Bitcoin addresses are in profit after BTC spike"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675085562798-ae90d263-3280-425d-aa4b-d713796742c4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675085562798-ae90d263-3280-425d-aa4b-d713796742c4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675085562798-ae90d263-3280-425d-aa4b-d713796742c4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675085562798-ae90d263-3280-425d-aa4b-d713796742c4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin addresses in profit is at a 9-month high of 30+ million.<\/li>\n<li dir=\"ltr\">More unique addresses in profit were last above 30 million in early April 2022.<\/li>\n<li dir=\"ltr\">Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high.<\/li>\n<\/ul>\n<p dir=\"ltr\">The number of <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> addresses that are currently in profit has reached a 9-month high, on-chain data shared by crypto platform Glassnode <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1620002774883737603\" rel=\"noopener noreferrer\" target=\"_blank\">shows<\/a>.<\/p>\n<p dir=\"ltr\">Per the metric, the percentage of unique addresses with Bitcoin funds in profit were 30,081,429 on Monday morning. The figure is a 7-day moving average measure and shows the current value of BTC in the <a href=\"https:\/\/coinjournal.net\/wallets\/\">wallets<\/a> compared to the average buy price.<\/p>\n<p dir=\"ltr\">Therefore, these 30 million plus BTC addresses currently hold coins that were valued lower at the time of their purchase when compared to their current value.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/00\/30\/1675084783262-19f5e4b8-12fc-44af-acec-3af04c126b41.jpg\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"307\"\/><span class=\"fr-inner\">Chart showing number of BTC in profit. Source: Glassnode.<\/span><\/p>\n<p><\/span><\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">Addresses with 0.01+ coins hit all-time high<\/h2>\n<\/div>\n<p dir=\"ltr\">At the time of writing, Bitcoin\u2019s addresses in profit (7-day moving average) sat at a 9-month high after Bitcoin\u2019s latest price action. The last time these many BTC addresses were in profit was in April-early May 2022 \u2013 with this happening as the events of Terra and Three Arrows Capital collapse helped to push prices below $40k.<\/p>\n<p dir=\"ltr\">Bitcoin eventually sank to lows of $15,600 in November amid the FTX-triggered sell-off that likely saw more people <a href=\"https:\/\/coinjournal.net\/bitcoin\/buy\/\">buy Bitcoin<\/a>.<\/p>\n<p dir=\"ltr\">Now BTC is up more than 40% in 2023 and is currently above the $23,000 price level, helping add over 7 million more unique addresses into the profitable bracket as prices began to soar in January.<\/p>\n<p>Meanwhile, the number of non-zero addresses has also <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1619851788395417600\" rel=\"noopener noreferrer\" target=\"_blank\">increased<\/a>, reaching a 1-month high of over 43 million. Indeed, the number of addresses with 0.01+ coins has recently hit an all-time high of 11,484,618, according to on-chain data Glassnode <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1619912113266245633\" rel=\"noopener noreferrer\" target=\"_blank\">shared<\/a> early Monday.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/30-million-bitcoin-addresses-in-profit-as-metric-hits-9-month-high\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin addresses in profit is at a 9-month high of 30+ million. More unique addresses in profit were last above 30 million in early April 2022. Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17079"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17079"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17080"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}