Bitcoin (BTC) has validated the “Uptober” trend with strong performance, pushing closer to its all-time high of $73,835. According to crypto analytics platform IntoTheBlock, approximately 99% of BTC holders are currently in profit, signaling rising confidence in the market. With the “Moon-vember” rally approaching, the potential for Bitcoin to hit a new peak this month is on the rise. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Bitcoin Holders in Profit, All Eyes on November as New Record Looms 63"></a> 
<h2 id="november-s-bullish-history-for-bitcoin">November’s Bullish History for Bitcoin</h2> 
November historically marks a period of price surges for Bitcoin. Just as October has earned the nickname “Uptober,” November has been dubbed “Moon-vember” due to the significant gains often recorded across the crypto market, impacting both Bitcoin and various altcoins. With most BTC holders currently in profit, the market atmosphere is optimistic, and Bitcoin bulls appear satisfied with the recent price action. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-26309" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-29-160704-2048x664-1.png" alt="Ekran goruntusu 2024 10 29 160704 2048x664 1" width="2048" height="664" title="Bitcoin Holders in Profit, All Eyes on November as New Record Looms 64" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-29-160704-2048x664-1.png 2048w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-29-160704-2048x664-1-768x249.png 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-29-160704-2048x664-1-1536x498.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px"> 
<h2 id="nearly-all-btc-holders-in-profit">Nearly All BTC Holders in Profit</h2> 
Data from IntoTheBlock indicates that almost 99% of BTC holders are in profit—a level last seen in June, though it did not lead to a new peak at the time. Today, however, with increased trading volume and positive market sentiment, the crypto community is hopeful that this time may yield a different outcome. At the time of writing, BTC is trading at $71,276.45, up 3.9% over the past 24 hours, with daily fluctuations between $68,417.88 and $71,540.92. Bitcoin’s market cap stands at approximately $1.41 trillion, with a circulating supply of 19,774,709 BTC and a maximum supply of 21 million. 
This uptick in trading activity not only reflects heightened investor interest but also reinforces expectations for a “Moon-vember” rally, potentially leading Bitcoin to a new all-time high. With such strong momentum, analysts are optimistic that BTC may achieve a record-breaking level this month. 
For continued coverage and updates on Bitcoin and broader crypto market trends, stay tuned to <a href="http://turkishnyradio.com" target="_blank" rel="noopener">Turkish NY Radio</a>.

Bitcoin Holders in Profit, All Eyes on November as New Record Looms

Table of Contents

TNYR

Other articles published on Oct 29, 2024

Are Meme Coins on XRPL Under SEC Scrutiny? Regulatory Risks on the Rise

3 Altcoins Ready to Turn Investors Into Millionaires Within 6 Months—No XRP or Cardano Here

Explosive Gains Predicted for New Crypto RBLK. Celestia and Arbitrum Investors Diversify Investme...

DOJ charges crypto exchange operator with laundering Silk Road money

Rampstarter Achieves $20 Million in TVL, Secures Position as Emerging Blockchain Launchpad

US Spot Bitcoin ETFs Reach Two-Week Highs! Here Are the Details

Join our free newsletter for daily crypto updates!