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💰86% of Bitcoin supply still in profit despite recent price drops
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. On Feb. 28, just 92,500 BTC were at a loss before the price dropped below $57,000, then consolidated around $62,000.
💰86% of Bitcoin supply still in profit despite recent price drops
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. On Feb. 28, just 92,500 BTC were at a loss before the price dropped below $57,000, then consolidated around $62,000.
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