So, here we are, folks. Bitcoin, the big shot of the crypto world, is having a bit of a tough time. Itâs like that friend who always talks a big game but canât seem to get it together. Right now, itâs struggling to gain any momentum after a recent nosedive in the market. And guess what? Itâs hitting a wall at $103,000. I mean, come on! Whatâs the deal with that?
Profit? What Profit? Oh, Wait⌠Thereâs Some! 
Now, Axel Adler Jr., who apparently knows a thing or two about this stuff, says thereâs a silver lining. Despite the price drama, more and more investors are actually making money. Can you believe it? Itâs like finding a twenty in your old jacket pocket. Who knew?
In a recent post, Axel pointed out that the amount of Bitcoin in profit has shot up. Weâre talking about a whopping 5.9 million BTC added to the profit pile, bringing the total to about 19.7 million. Itâs like a party, and everyoneâs invitedâexcept for those poor 3.2 million BTC that went from profit to loss when the price dropped from $109,000 to $89,000. Ouch! Talk about a mood killer!
But hey, it looks like things are looking up again. The numbers are creeping back as Bitcoin makes a slight recovery. Itâs like watching a soap operaâjust when you think itâs over, thereâs a twist!
In the past, when this kind of thing happens, it usually means less selling pressure. So, if this trend keeps up, we might see some buying action. Who knows? Maybe weâll be back to the good old days of bullish runs. Fingers crossed!
Now, Alphractal, which sounds like a fancy analytics platform, has revealed that a staggering 95.2% of BTC wallets are still in the green. Thatâs right! Only a measly 2.707% are in the red. Itâs like a game of musical chairs, and most people are still sitting pretty. But those who bought at higher prices? Well, theyâre just standing awkwardly by the wall.
Alphractal also took a look at the 7-day Active Supply of newly purchased BTC. Historically, when prices peak or get all volatile, this metric spikes. So, it seems like investors are still interested. Who wouldnât be? Itâs like watching a train wreckâyou canât look away!
Is Bitcoin on the Comeback Trail? 
Right now, Bitcoin is trying to make a comeback, reclaiming that all-important $105,000 mark. Daan Crypto Trades, who sounds like he knows what heâs talking about, claims that âBitcoin is on track to close its highest monthly candle ever.â Wow, thatâs a mouthful! But letâs be real, itâs like saying your favorite restaurant is still open during a pandemic. Itâs nice, but is it really that impressive?
Meanwhile, altcoins are dragging their feet, and sentiment is all over the place. But Daan still thinks Bitcoin is the king of the hill, making new highs and keeping the bull cycle alive. Itâs like a never-ending game of musical chairs, and Bitcoin is still dancing!
Read More
- March 2025 PS Plus Dream Lineup: Hogwarts Legacy, Assassinâs Creed Mirage, Atomic Heart & More!
- Top 5 Swords in Kingdom Come Deliverance 2
- Unleash Willowâs Power: The Ultimate Build for Reverse: 1999!
- Reverse: 1999 â Donât Miss These Rare Character Banners and Future Upcoming Updates!
- 8 Best Souls-Like Games With Co-op
- EUR AUD PREDICTION
- Esil Radiru: The Demon Princess Who Betrayed Her Clan for Jinwoo!
- Brent Oil Forecast
- How to Use Keys in A Game About Digging A Hole
- USD DKK PREDICTION
2025-01-31 00:13