86% of Bitcoin supply still in profit despite recent price drops – Glassnode

Quick Take As Bitcoin pushed toward a new all-time high in March, a significant milestone was reached on Feb. 28, with over 99% of the Bitcoin supply in profit. This was the first time since November 2021 that over 99% of the supply had been in profit, according to Glassnode data. Percent Supply In Profit: (Source: Glassnode) On Feb. 28, just …

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