CryptoQuant: Nearly 90% of BTC supply is in profit
According to CryptoQuant data, as people are increasingly anticipating the approval of exchange-traded funds (ETFs) for spot trading, the price of Bitcoin rose above $46,000 on Tuesday. Nearly 90% of the held Bitcoin (BTC) supply is in profit, which is slightly higher than the just under 50% at the beginning of last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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