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BTC Profitability Rate Surges to an 11-Month High

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According to reports, data shows that the number of profitable BTC addresses accounted for 71.779% in the past hour (7d MA), hitting an 11-month high.
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BTC Profitability Rate Surges to an 11-Month High

According to reports, data shows that the number of profitable BTC addresses accounted for 71.779% in the past hour (7d MA), hitting an 11-month high.

The number of profitable BTC addresses hit an 11-month high

Analysis based on this information:


The cryptocurrency market has always been volatile, but one thing investors have been paying close attention to lately is the profitability of the bitcoin market. In recent news, reports show that the number of profitable BTC addresses surged to a remarkable 71.779% in the past hour, using the seven-day moving average, hitting an 11-month high. This is a significant jump from previous months, and it has investors optimistic about the future of the market.

To put this into perspective, BTC addresses refer to the identifier used to receive and send bitcoin transactions. Therefore, the profitability rate refers to the percentage of those addresses that are currently making a profit, which can be viewed as a clear indicator of market trends. In light of this, the latest data shows that 71.779% out of all BTC addresses were in profit in the last hour, which is a significant increase compared to the prior month.

As of lately, the cryptocurrency market has seen a lot of bullish activity for bitcoin. This could be due to the increasing usage of cryptocurrency globally, making it more mainstream and accessible. Also, the adoption of crypto by payment giants like Mastercard, Square, and PayPal has also helped to stabilize the market. Meanwhile, many large companies, including Tesla, have recently invested in bitcoin, which is another factor contributing to the current bullish trend.

This latest news is a significant milestone for bitcoin investors and traders. The profitability rate indicates that BTC is becoming increasingly valuable and recognized in mainstream industries. The trend also gives investors more confidence to invest in the market as the likelihood of profitable returns is higher.

In conclusion, the latest reports of the rise in the number of profitable BTC addresses show that the cryptocurrency market is still vibrant, and bitcoin has a promising future. With increasing adoption and a growing number of investors’ interest in cryptocurrency, the market is likely to experience more growth in the future. This is a promising sign that investors should closely monitor and be vigilant for future investment opportunities.

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