Bitcoin (BTC) Approaches Euphoria Zone With 85% of Supply in Profit

Bitcoin’s supply in profit has continued to rise steadily despite recent setbacks and persistent market headwinds. On-chain data shows that over  85% of BTC’s circulating supply is currently in profit. This is a historically bullish signal but often marks the beginning of euphoric phases in market cycles.   BTC Enters Bullish Territory, but Analysts Warn of Possible Pullback BTC’s supply in profit measures the percentage of coin holders who acquired their assets at prices lower than the current market value source: https://beincrypto.com/bitcoins-supply-in-profit-approaches-euphoria-zone/