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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-experiences-profitability-drop-as-market-metrics-decline">Bitcoin Experiences Profitability Drop as Market Metrics Decline</a><br></p>
<p style="text-align: justify"> Recent trends show that <a href="https://en.bitcoinhaber.net/bitcoin-edges-toward-peak-as-trading-volumes-surge">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoins-correction-phase-strategic-insights-from-michael-van-de-poppe">BTC</a>) has witnessed a notable downturn, resulting in a decrease in the percentage of profitable network addresses. Despite the drop in the past week to $67,237.24, a 3% decrease, the number of profitable addresses has dipped below the previous 100% figure. </p> 
<h2 id="network-activity-and-profitability-metrics">Network Activity and Profitability Metrics</h2> 
<p style="text-align: justify"> Analytics from IntoTheBlock reveal a 4.02% reduction in daily active Bitcoin addresses, now totaling about 930,730. The proportion of profitable “In the Money” addresses now stands at 96.39%, a decline from the perfect score during Bitcoin’s recent peak price. Address statistics show 870,100 inactive addresses, and the break-even addresses count at 1.01 million. A price retest between $68,992.54 and $72,500.92 might be necessary for Bitcoin to regain full profitability. </p> 
<h2 id="investor-behavior-and-market-indicators">Investor Behavior and Market Indicators</h2> 
<p style="text-align: justify"> Whale investors, including BlackRock and spot Bitcoin ETF issuers, along with MicroStrategy’s significant purchase last week, could prove pivotal in Bitcoin’s price direction. Despite this, a considerable 46.98% decline in substantial transactions signals a potential shift in market sentiment. Trading volumes have fallen sharply, suggesting a possible market correction period that, according to analysts, could prelude a price recovery. Future market events, such as the expected Bitcoin halving, could stabilize the price around $65,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-experiences-profitability-drop-as-market-metrics-decline">Bitcoin Experiences Profitability Drop as Market Metrics Decline</a></h5>

Bitcoin Experiences Profitability Drop as Market Metrics Decline

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