82% of Bitcoin Addresses in Profit as Bull Market Streak Extends
Bitcoin's on-chain strength continues to grow, with 82% of its addresses in profit. This milestone comes as BTC trades at $83,592.25, extending the bull market streak that began 12 months ago.
The price action shows a tight range around the EMA50 at $84,498.89, while the EMA200 at $79,327.0 anchors the longer-term floor. However, the MACD death cross at -152.91 warns of fading momentum, despite the RSI being neutral within the Bollinger band range.
Traders are weighing this on-chain strength against macro liquidity signals to avoid a repeat of last year's sharp crypto market crash drawdowns.