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90% of Bitcoin Holders in Profit as BTC Price Shoots to $44,500 Amid Whale Accumulation

CointimeCointime2024/02/08 09:48
By:Cointime

Bitcoin's price has surged to $44,500, with on-chain indicators suggesting further gains and a strong support at $43,080. PlanB's chart shows that 90% of all Bitcoins are currently in profit, the highest number since Bitcoin's peak in mid-November 2021. The rally is partially attributed to the rise in holdings among wallets containing over 1,000 Bitcoins, indicating renewed confidence among major Bitcoin holders. The ongoing momentum in US stock markets also provided support for risk assets such as cryptocurrencies, with analysts expecting a pre-halving rally for Bitcoin.

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Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.

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