Benjamin Cowen
#BTC Supply in Profit/Loss https://t.co/BKwSgeXKuY
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The Bitcoin chart indicates that 88.95% of the supply is currently in profit, with only 11.05% in loss. Historically, when the percentage of supply in profit approaches 90% or higher, it often precedes a period of price consolidation or correction, as seen in previous cycles around 2013, 2017, and 2021. Investors should monitor this metric as a potential indicator of market overheating and consider risk management strategies.

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About Benjamin Cowen
Benjamin Cowen

Benjamin Cowen

By intocryptoverse

CEO/Founder @ITC_Crypto @ITC_Stocks @ITC_Macro PhD Engineering https://t.co/VwxEaJxIl8