Profitability Peaks for Bitcoin Holders

Bitcoin has become profitable for 80 percent of individuals or organizations that have owned it for about two years. The latest data on Bitcoin (BTC) revealed the highest level of profitability in almost two years.
According to data provided by IntoTheBlock, about 80 percent of Bitcoin wallets are currently profitable. This represents the highest level of profitability seen since December 2021. Part of the increase in profitability can be attributed to the instant price at which these wallets start their operations.
In the period 2020-2021, the current level of profitability can be compared with the situation observed before the bull run in the BTC price. There has also been a marked increase in whale accumulation, with an increase in the number of wallets holding 1000 BTC or more.
An analysis of Bitcoin's price trend on the daily timeframe since the beginning of the year shows that there is a significant difference between the spot price at the beginning of the year and the current trading price. Bitcoin started at a price level of $16,000 at the beginning of the year and later experienced a price increase to $22,000.
At the time of writing, Bitcoin appears to have surpassed $39,000. It has experienced a price increase of about 1.5 percent in the last 48 hours. This price indicates that it has more than doubled in value compared to the beginning of the year. #ContentStar# #BountyCreator# #GatePost# #GateLive#