Bitcoin Supply 95% Profitable as Price Surpasses $117K
Key Takeaways: Glassnode reports that more than 95% of Bitcoin’s circulating supply is now profitable following the cryptocurrency’s surge past $117,000. Bitcoin is entering an extended euphoria phase characterized by widespread holder profitability and heightened market volatility. Analysts noted that Bitcoin’s high profitability levels often precede periods of increased sell-side pressure. This pattern aligns with […]