Data: 88% of Bitcoin supply is in profit

Golden Finance reported that Glassnode data shows that 88% of Bitcoin supply is currently in profit, with losses mainly concentrated among buyers in the $95,000 to $100,000 range. This high profit rate has rebounded from a long-term average of 75%, indicating that investor expectations are being reset. The price of Bitcoin has rebounded from its long-term accumulated average profit percentage, marking a significant shift. Previously, in August 2024, Bitcoin retested the 75% average around $60,000. This suggests that the price range of $75,000 to $95,000 may represent a bottom, consistent with the structural market conditions observed in the third quarter of 2024.