Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Ethereum Price Pushes Higher — Eyes Set on Next Major Barrier

July 7, 2025

Huge BTC Whale That Panicked Over Yesterday’s FUD on Bitcoin Made Massive Trades Today

July 7, 2025

$BONK Overtakes $TRUMP on Solana as Market Cap Hits $1.76B

July 7, 2025

Tesla crashes along with gold and S&P 500 as Bitcoin makes highest weekly close ever

July 7, 2025

Bitcoin Price Resumes Upward Move — Can It Break New Highs?

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Ethereum Price Pushes Higher — Eyes Set on Next Major Barrier

    July 7, 2025

    Bitcoin Price Resumes Upward Move — Can It Break New Highs?

    July 7, 2025

    Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

    July 6, 2025

    Analysts Predict Rally Alongside Real-World Adoption

    July 6, 2025

    Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

    July 6, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » Blockchain » ‘Profitable’ BTC volume hits two-year high
Blockchain

‘Profitable’ BTC volume hits two-year high

Crypto Observer StaffBy Crypto Observer StaffNovember 28, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

The share of potential profit-generating Bitcoins (BTC) reached 83.7% of the total supply.

As follows from a report by Bitfinex analysts, this is the highest figure since Nov. 2021. Experts noted that the owners of these 16.3 million BTC “are reluctant to sell, and buyers are not actively seeking supply” of the coins.

According to analysts, 60% of coins have remained motionless for two years.

Bitfinex specialists say the indicators mean that the market is “in a relatively strong position” as coin owners see a positive return on their investments and are in no rush to liquidate assets.

Experts also pointed out that Bitcoin did not move out of its current price range last week, despite the negative news background around Binance.

On Nov. 24, the price of the first cryptocurrency exceeded $38,000, inching ever closer to the key pyschological support level of $40,000.

Another analyst predicts Bitcoin’s imminent surge to $40,000 citing potential ETF approvals and the upcoming halving event as key drivers.

Source: CoinMarketCap

Meanwhile, the fate of the spot Bitcoin ETF remains uncertain. The US Securities and Exchange Commission (SEC) has repeatedly delayed the review of applications for the creation of funds. The regulator is now expected to make a decision on ETFs in January 2024.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TON Coin Erases Some Gains After Golden Visa Clarification

TON Coin Erases Some Gains After Golden Visa Clarification

July 7, 2025
Vitalik Proposes 16.77M Gas Cap for Ethereum to Enhance Security

Vitalik Proposes 16.77M Gas Cap for Ethereum to Enhance Security

July 6, 2025
TON Offers UAE Golden Visa for $100K Staked, Promises 3–4% Yields

TON Offers UAE Golden Visa for $100K Staked, Promises 3–4% Yields

July 6, 2025
Secret Service Seizes $400M in Crypto, Builds One of World’s Largest Wallets

Secret Service Seizes $400M in Crypto, Builds One of World’s Largest Wallets

July 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Ethereum Price Pushes Higher — Eyes Set on Next Major Barrier

July 7, 2025

Huge BTC Whale That Panicked Over Yesterday’s FUD on Bitcoin Made Massive Trades Today

July 7, 2025

$BONK Overtakes $TRUMP on Solana as Market Cap Hits $1.76B

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Bitcoin Price Resumes Upward Move — Can It Break New Highs?

July 7, 2025

Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

July 6, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.