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The majority of wallets holding bitcoin are profitable. The cryptocurrency bull run continues at the level of the last bull market.

The majority of wallets holding bitcoin are profitable. The cryptocurrency bull run continues at the level of the last bull market.

95% of bitcoin addresses are profitable. This is similar to the level at the peak of the 2021 bull market, when the price of BTC topped $60,000. Meanwhile, JPMorgan said in a report that the crypto bull run is not only continuing, but improving. "Rising bitcoin prices are contributing to improved bitcoin spot ETF flows," JPMorgan analyst Kenneth Worthington said in the report. "We expect cryptocurrency prices to remain elevated in the first quarter of the year, which should improve Coinbase's profitability," JPMorgan analyst Kenneth Worthington said in a report.