Bitcoin Supply in Profit: Remarkable 99% Achieved, What It Means

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.