Most Bitcoin addresses are making a profit as Bitcoin's price continues to rise. Image: Shutterstock
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In brief
97% of all Bitcoin addresses are currently in profit.
This follows a steady rise in Bitcoin's price in recent months.
If Bitcoin's price continues to rise, even more addresses could be in profit in the future.
A total of 97% of all Bitcoin addresses are in profit as Bitcoin’s value continues to rise, according to data published by Glassnode. This means that the majority of Bitcoin was bought at a lower value than it currently is worth.
Bitcoin is currently on an unprecedented run, with today marking the 100th day where the opening and closing price of Bitcoin has been above $10,000. Its current price of approximately $14,900 represents a value not seen since January 2018. And for most Bitcoin owners, they’re in the money.
Data shows 97% of all Bitcoin addresses are in profit. Image: Glassnode
As shown in the above graph, an overwhelming majority—97%— of all Bitcoin addresses are currently in profit as of November 2020.
This figure is also the highest seen this year. A period between August and September saw the total percent of Bitcoin addresses in profit rise above 90%, but it had not reached the heights of 97% until now.
