Bitcoin is showing significant growth, surpassing the $67,300 mark. With 95% of addresses now profiting, there's keen interest in further developments.

Profitable Bitcoin Addresses

According to recent data from IntoTheBlock, over 51 million Bitcoin addresses are in profit, representing 95% of all BTC holders who bought their assets for less than $67,300. In comparison, around 3.37 million addresses purchased Bitcoin at an average price of $68,139, holding a total of 1.58 million BTC. Among these profitable addresses, more than 80,000 are active daily, indicating strong market engagement. Approximately 247,000 holders are close to breaking even on their investments, while only 3,440 addresses are currently showing losses.

Short Liquidations Driving Price Movement

A significant reason for the recent rise in Bitcoin's price 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 quick price movements, impacting overall market trends.

ETF Inflows Boosting Confidence

In addition to short liquidations, there has been a substantial influx of funds into U.S. Bitcoin exchange-traded funds, totaling $555.9 million. This influx has boosted confidence among investors and traders. Even with some recent price corrections, Bitcoin is still trading around $67,450, reflecting a 1% increase in the past 24 hours.

The rise of Bitcoin, with 95% profitable addresses, short liquidations, and ETF inflows, indicates a shift in market sentiment and strengthening bullish momentum.