Bitcoin has recently achieved a new all-time high, generating both excitement and scrutiny within the crypto market. As the leading asset, its performance raises questions about whether it has reached its peak price.
To assess Bitcoin's market profitability, two key factors are crucial: the number of Bitcoin addresses currently in profit and the overall profitability rate. Presently, nearly all Bitcoin addresses are profitable, indicating elevated market risk. However, current profit margins are lower compared to past bull markets, suggesting room for growth.
Despite potential short-term corrections, Bitcoin's long-term upward trajectory remains promising. Strategies like Dollar-Cost Averaging and a long-term approach may be effective for capital growth.