More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market. BTC price bottoms have tended to coincide with less than half of addresses remaining in profit, and as such, the current downtrend still has a way to go if it is to fit in with historical patterns. In March 2020, for instance, profitable addresses dropped to 41%, and before that, the 2018 bear market also saw a drop below the 50% mark.