NEW: Bitcoin Surges Over 25% in a Week, Majority of Holders “In the Money”

Bitcoin (BTC) is on an upswing, surging past $35,000, marking a 25% gain in just a week. Data from IntoTheBlock reveals that a whopping 82% of all Bitcoin wallet addresses are now “In the Money,” enjoying profits. Conversely, only 11% of Bitcoin holders fall under the “Investors” and “Whales” category, signifying significant retail involvement. Additionally, 70% are long-term holders, indicating a strong investor sentiment. Despite potential profit-taking, trend signals suggest the bullish momentum may continue, with Open Interest volume surpassing August levels.

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