Bitcoin Supply in Profit: Remarkable 99% Achieved, What It Means
Main Idea
Glassnode reports that 99% of Bitcoin supply is currently in profit, indicating strong market resilience and positive investor sentiment.
Key Points
1. 99% of Bitcoin supply is in profit, meaning most holders bought BTC at prices lower than the current market value.
2. The high profitability ratio remained around 95% even during a market pullback in July, showing crypto market resilience.
3. Glassnode uses on-chain data to provide an objective view of Bitcoin's market structure, free from speculative influences.
4. The near-universal profitability boosts investor confidence and reinforces positive sentiment in the cryptocurrency market.
5. Despite the strong metrics, the crypto market remains volatile, and future gains are not guaranteed.
Description
BitcoinWorld Bitcoin Supply in Profit: Remarkable 99% Achieved, What It Means The cryptocurrency world is buzzing with truly exciting news! On-chain market intelligence platform Glassnode recently shared a remarkable insight: an astounding 99% of the entire Bitcoin supply is currently in profit . This figure is not just a fleeting moment; it highlights a profound underlying strength in the overall BTC market structure . What Does “99% Bitcoin Supply in Profit” Truly Mean? When we talk about Bitc...
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