Bitcoin Supply in Profit Rises Above 85%— Is Euphoria Setting In?
Bitcoin continues its gradual recovery, currently trading above the $94,000 level at the time of writing. This upward trend follows a recent correction that pushed prices down earlier this month. Despite the recent gains, Bitcoin remains about 12.7% below its all-time high set in January. While investors monitor price resistance levels around the psychological $100,000 mark, on-chain metrics are beginning to show significant changes in market behavior that may influence short- and mid-term sentiment. A key development recently highlighted is the rising proportion of the Bitcoin supply that....
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On-chain data shows the Bitcoin Supply in Profit has witnessed a sharp increase recently. Here’s whether the current level is considered high or not. Bitcoin Supply In Profit Has Crossed The 87% Mark According to the latest weekly report from Glassnode, the Bitcoin Supply in Profit has marked an improvement alongside the latest rally in […]
Since the crypto market shifted towards positive territory, Bitcoin, the largest digital asset, has maintained a bullish stance during this period, igniting hopes of a continued bull market phase. Following the renewed upward trend, several factors of BTC’s market dynamics are beginning to see positive results, such as the overall supply in profit. Market Euphoria […]
Bitcoin continues to attempt to breach the $95,000 barrier with investors looking out for indicators that it might indeed do so. The digital money has failed to breach the point of resistance at this level since last Friday, market data revealed. Still, despite this strain, a very impressive 91% of entire supply of Bitcoins are in the black, reflecting what market strategists describe as the “euphoria phase” of market activity. Related Reading: XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Profits Soar As Market Rebounds The strong percentage of profitable....
ADA has always been a holder’s token. The network boasts one of the highest percentages of its circulating supply that is currently staked by investors. These investors usually believe that the best way to make a profit is to stake and earn tokens while simultaneously helping secure the network. This is what has led to […]
Data shows around 15% of the total Bitcoin supply is now in loss, a value that has historically been sufficient to push the price down. Percentage Of Bitcoin Supply In Profit has Fallen Down To Just 85% As per the latest weekly report from Glassnode, the total BTC supply in profit has fallen down to just 85% this week, meaning that 15% of the supply is now in loss. The “percent supply in profit” is a Bitcoin indicator that highlights the share of the total supply that’s currently in profit. The metric works by looking at what price each coin in the chain was last moved....