Bitcoin supply drops to 55% in profit, still down here?
Bitcoin supply drops to 55% in profit, still down here?
On-chain data shows that the profitability of bitcoin supply has recently dropped to only 55%. Here’s what the historical trend suggests if a bottom has already been hit or not. About 45% of the bitcoin supply is underwater at the moment As indicated by an analyst in a CryptoQuant post, the supply of green during the past cycle was even lower than the current standard. “Profit supply” is an…
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