A record 98% of bitcoin wallets recorded a profit

Crypto industry analysts note: 98% of bitcoin wallets are currently recording profits, which is considered a record high for the current market cycle. At the same time, experts warn that such a situation usually signals a late phase of growth and increases the likelihood of a future price correction.

According to the CryptoQuant platform, the number of bitcoins BTC $103,806.99 Bitcoin -0.48% Market capitalization $2.06 trillion VOL. 24 hours $2.59 billion in the red has dropped to less than 2%. This is a historic low that was only seen during previous market peaks. At the same time, the unrealized profit and loss (NUPL) index reached 0.56, indicating that optimism among investors is growing, but has not yet reached the point of emotional euphoria.

Such market conditions are often accompanied by a gradual exodus of funds to the exchanges. Over the past 48 hours, the volume of net bitcoin transfers on the exchange has exceeded 750 BTC, which indicates an increased willingness of some participants to take profits.

Analysts note that further growth of the rate to $ 106 thousand is possible, but it has already stopped at this level several times. If the selling trend intensifies, the rate may drop to $ 96,000, especially in an overheated market.

As a reminder, in January 2025, bitcoin reached a high of $ 109 thousand. The current dynamics repeats the stages of previous cycles, which suggests that a turning point is approaching for the market.