LATEST: Bitcoin’s Recent Surge to Over $37,000 Results in 83% Profitability, According to Glassnode

The cryptocurrency market is buzzing as Bitcoin’s value skyrockets, with over 83% of the digital currency now in profitable territory, according to Glassnode data. Bitcoin recently surpassed the $37,000 mark, triggering a shift in investor behavior. The Accumulation Trend Score shows a strong accumulation pattern, with a 39% price increase in the past month. Wallet analysis indicates rising holdings across all investor groups, a stark contrast to previous months of net outflows. Anticipation of a spot BTC ETF and a bullish market sentiment are driving this positive trend, despite recent volatility due to regulatory actions.

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