95% Of Bitcoin Now In Profit: Why This Could Be A Signal To Sell
Summary
Bitcoin's supply in profit has surged to 95% following its recent rally, a level previously associated with market tops. This metric measures the percentage of circulating BTC with unrealized gains. Historically, high levels of supply in profit have preceded market peaks, as investors are more likely to sell. The current level raises concerns about a potential selloff, but past rallies have also briefly surpassed this threshold before reaching their peak. Bitcoin is currently trading around $56,500, up 8% over the past week.
