Bitcoin, with graceful and accelerated movements, approached the level of 16 thousand dollars, after it was almost stable between 10000 and 11500 dollars.

But since the announcement of large institutions to integrate Bitcoin into their services, especially PayPal, the Bitcoin has risen since then on the upward journey until this moment.

In new data published by Glassnode, a total of 97% of all Bitcoin addresses are in profit mode.

Meaning that most of the bitcoin addresses (97%) bought bitcoin at a lower price than the current price, making them profitable.

Source: Glassnode Bitcoin has recently hit several new records, with the current price of $15,800 representing a price we haven’t seen since January 2018.

Read:Bitcoin balance on trading platforms reaches its lowest level in 4 years

Bitcoin also hit 100 days above the $10,000 level.

As shown in the chart above, the vast majority (97%) of all Bitcoin addresses are currently in profit as of November 2020.

This number is also the highest number seen this year.

The period between August and September saw the overall percentage of Bitcoin addresses in earnings rise above 90%, but not reach the recently achieved 97% levels.

Of course, this does not mean that 97% of Bitcoin owners necessarily enjoy profit, as some addresses may be owned by the same person.

According For BitInfoCharts, the largest pool of bitcoin addresses, roughly 50% of all addresses, contains only 0.0001 bitcoins.

The amounts of bitcoin in the wallets and the purchase price remain more determinants of profitability.

For example, those who buy Bitcoin:

Buying 1 Bitcoin in March 2020 when the price was $4,000, today they have more than $11,000 in return on investment, almost three times the capital.

Read:G7 countries agree to issue guidelines for CBDCs

Read also:

$5.5 billion worth of Bitcoin still missing from the infamous “Silk Road” store

Bitcoin is approaching the $15,000 level with no apparent interest from retail investors!