Glassnode data shows that 88% of bitcoin supply is currently profitable, with losses concentrated in buyers in the $95,000 to $100,000 range. This high profitability rebounded from a long-term average of 75%, indicating that investor expectations are resetting.
The recovery of Bitcoin price from its long-term cumulative average profit percentage marks a significant shift. Previously, in August 2024, Bitcoin re-tested the 75% average around $60,000. This suggests that the $75,000 to $95,000 price range may represent a bottom, consistent with structural market conditions observed in Q3 2024.
Data: 88% of bitcoin supply is profitable
2025-05-05 17:56:45
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