Bitcoin Profit Supply Drops to 59%, Closing In on Bear Market Levels
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News The share of Bitcoin (BTC) supply in profit has dropped to around 59%, bringing it close to levels seen during the last bear market. This comes from data shared by analyst Darkfost, who also pointed out that the number of addresses depositing BTC had dropped to a 10-year low. In a post published on X on April 9, Darkfost revealed that the share of Bitcoin supply still in profit was sitting way below the historical average of about 75%. “Nearly 1 BTC out of 2 is held at a loss,” they wrote. The analyst made clear the significance of that number, saying that for Bitcoin to maintain upward price pressure, it need
Source: https://cryptopotato.com/bitcoin-profit-supply-drops-to-59-closing-in-on-bear-market-levels/
