Almost all Bitcoin holders are now in profit as Bitcoin ($BTC) slowly approaches its all-time high. This information comes from IntoTheBlock. It is a platform that provides intelligent access to decentralized finance (DeFi) data. As per its latest tweet, a great majority of BTC holders is now in profit.
Speculation Grows Over Bitcoin Reaching New Highs
IntoTheBlock data shows that the current status seems quite positive for Bitcoin to surge further. This data shows that there are little chances to stop Bitcoin’s upward journey. This makes it easier for the price of Bitcoin to shoot up.
The market is also fairly neutral with both buyers and sellers participating in the market activity. This balance bodes well for the likelihood of future price hikes. Some are even questioning whether a penetration to a new high ground is possible.
IntoTheBlock Metrics Indicate Positive BTC Prospects
Bitcoin price is rising, which is good news for investors these days. If the favorable conditions remain then it would not be long before Bitcoin hits a new high and moves further up. This would be a major development for the cryptocurrency as it re-establishes itself and positions for future expansion.
Lastly, based on the IntoTheBlock metrics, Bitcoin has favorable prospects in the future. Market participants are eager to see whether $BTC will set a new high. With the current market conditions, the opportunities for further expansion and possible breakthrough are quite good.
