Movement

Bitcoin

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<p>Bitcoin (BTC) is making headlines as it jumps over 10% in just one week! In the last 24 hours alone, its price rose by more than 2%, crossing the important $67,300 mark. With 95% of Bitcoin addresses now in profit, excitement is in the air. Typically, when so many addresses are thriving, it signals strong growth ahead. </p>   
<p>However, as the buzz grows, a big question remains: Will Bitcoin reach new highs, or are we facing a potential price drop?</p>   
<h2 class="wp-block-heading" id="h-a-closer-look-at-the-profit-data">A Closer Look at the Profit Data</h2>   
<p>Recent data from IntoTheBlock shows that over 51 million Bitcoin addresses are currently in profit. This impressive figure accounts for 95% of all BTC holders who bought their assets for less than $67,300.</p>   
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<p>In contrast, about 3.37 million addresses purchased Bitcoin at an average price of $68,139, holding around 1.58 million BTC. Among the profitable addresses, more than 80,000 are active daily, showing strong market engagement.</p>   
<p>Additionally, about 247,000 holders are close to breaking even on their investments, while only 3,440 addresses are showing losses. These numbers indicate a significant shift in market sentiment, suggesting that bullish momentum is building.</p>   
<h2 class="wp-block-heading" id="h-what-s-fueling-the-rally">What's Fueling the Rally? </h2>   
<p>A major reason for <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin's recent price</a> rise is the increase in short liquidations. According to Coinglass, over $118 million in crypto assets were liquidated in just 24 hours, affecting 43,903 traders. This spike in liquidations can lead to rapid price changes, impacting overall market trends.</p>   [post_titles_links postid="368200"]   
<p>In addition to liquidations, there has been a <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">substantial influx of funds</a> into U.S. Bitcoin exchange-traded funds (ETFs), totaling $555.9 million. This influx has further boosted confidence among investors and traders.</p>   
<p>Despite some recent price corrections, Bitcoin continues to <a href="https://coinpedia.org/news/crypto-news-today-oct-17-2024-bitcoin-price-stays-above-67k-xrp-surges-3-4-solana-dips/" target="_blank" rel="noreferrer noopener">trade around $67,450</a>, reflecting a 1% increase in the past 24 hours.</p>   
<p><strong>The stage is set for a Bitcoin breakout. Are you ready to join the party?</strong></p>

Bitcoin Price Rally: 95% Active Addresses Now Profitable! Good Time to Buy?

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