Here’s the number of Bitcoin addresses in losses as BTC tests its ATH price.

Over the past 24 hours, Bitcoin (BTC) has rallied nearly 5%, surpassing $72,000 in an attempt to regain its all-time high. This upward trend has significantly reduced the number of addresses holding digital assets at a loss.

According to data on IntoTheBlock, there are currently zero BTC addresses at a loss as the cryptocurrency hovers around $72,600.

Zero BTC addresses at a loss

A few hours before writing, a tweet by IntoTheBlock revealed that more than 30,000 Bitcoin addresses are in bankruptcy, amounting to 10,540 BTC. However, the continuous withdrawal of BTC has avoided the losses, placing the addresses on the currency.

With zero addresses out of the fund, 99.6% of Bitcoin addresses, comprising 51.82 million wallets, are in profit, with over 183,000 addresses, representing 0.35%, buying BTC in the fund for an average of $71,818.

IntoTheBlock These indicators show that BTC has a good start to the week. Historically, such levels of profit are repeated in bull market cycles. As Bitcoin halves, investors will experience more of the same events as BTC collapses and rallies due to volatility.

Bitcoin price overview

Bitcoin's surge past the $72,000 level has added more than $70 billion to the crypto market. Traders lost millions after the property dropped from $68,000 earlier last week to $64,500 on Wednesday.

Although most of last week was in the red, the bulls took over on Friday and pushed BTC to $69,000; An attempt to raise more than $70,000 on Sunday failed. While BTC remains above $72,000 at the time of writing, it is expected to crush the cryptocurrency's all-time high of $73,700 before halving in the next 12 days.

Meanwhile, analysts say Bitcoin is in a consolidation phase, navigating sideways between the $65,000 low and $71,000 range. This level allows investors to store the digital asset at a reasonable price and manage risk in the face of uncertainty.

Holding support levels at $60,000 and $57,000, associated with short-term Bitcoin whales and large wallets, BTC is unlikely to see any significant corrections, but rather a short-term upward momentum.