Bitcoin Supply In Profit Down To 81% After Market Crash
Summary
The recent Bitcoin crash led to a drop in the Supply in Profit to around 81%, with the Supply in Loss rising to 19%. This on-chain indicator measures the percentage of circulating Bitcoin with unrealized profits. A decrease in the Supply in Profit could indicate a potential decrease in selling pressure. The current value is still relatively high, but a further decline could signal a potential bottom for the cryptocurrency. The rebound has seen Bitcoin's price rise back above $61,000.
