Bitcoin Supply Remains Heavily In Profit! đ°
According to galaxy research 71% of Bitcoinâs circulating supply is currently in on-chain profit, meaning those coins have a cost basis below the current $BTC price. While, 29% of the supply remains in loss, with those coins sitting below their acquisition cost.
It means the majority of Bitcoin supply is sitting above its acquisition cost, highlighting a market where profitable holdings still significantly outweigh those underwater.
#Bitcoin #CryptoNews #BTC Price Analysis#
According to galaxy research 71% of Bitcoinâs circulating supply is currently in on-chain profit, meaning those coins have a cost basis below the current $BTC price. While, 29% of the supply remains in loss, with those coins sitting below their acquisition cost.
It means the majority of Bitcoin supply is sitting above its acquisition cost, highlighting a market where profitable holdings still significantly outweigh those underwater.
#Bitcoin #CryptoNews #BTC Price Analysis#
