Bitcoin Soars Past $71,000: 99% of Holders Now Profitable as Market Sentiment Rebounds

According to a recent report from COINOTAG, data released by IntoTheBlock reveals a significant shift in market dynamics as Bitcoin surpassed the $71,000 threshold once again. This surge in price has led to a striking 99% of Bitcoin holders currently enjoying profitability, showcasing the strengthening market sentiment surrounding the leading cryptocurrency. Notably, this aligns with similar metrics observed back in June, where the percentage of profitable addresses also reached 99%. Such resilience in profitability underscores the growing confidence among investors and highlights the overall bullish trend driving the crypto market. As institutional interest continues to build alongside retail participation, market analysts are closely monitoring these developments to assess the sustainability of this upward momentum.