Bitcoin’s supply in profit shows bullish sentiment despite volatility

Monitoring the percentage of Bitcoin’s supply in profit offers crucial insights into market trends and potential movements. This metric calculates the proportion of existing Bitcoins currently held at a value higher than their purchase price. Its significance lies in providing a snapshot of overall market profitability, revealing whether most holders are in a state of […] source: https://cryptoslate.com/bitcoin-supply-in-profit-shows-bullish-sentiment-despite-volatility/