According to IntoTheBlock statistics, 64% of Bitcoin investors profited from the massive price increase in January.Bitcoin (BTC) has now registered its 11th consecutive day outside the "Fear" zone on the Crypto Fear and Greed Index, extending its unfavourable run since late March.
This comes after Bitcoin reached $23,955 at 8:10 p.m. UTC on January 29, its highest level of the year. It has now dropped marginally, to $23,687 as of this writing.
Meanwhile, Bitcoin mood is solidly in the "Greed" zone, with a score of 61, its highest level since the peak of the bull run around Nov. 16, 2021, when its price was around $65,000.
Despite Bitcoin's recent strong rebound, market players continue to discuss whether the current price spike is part of a bull trap or whether there is a genuine possibility of a bull run.
Regardless, the current rise has brought many more Bitcoin holders back into the black.
64% of Bitcoin investors are currently profiting, according to statistics from blockchain intelligence firm IntoTheBlock.
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