When looking at the latest data on Bitcoin supply, we see that 81.16% of the supply is in profit and 18.84% is in loss. Currently, everything seems to be progressing normally, with the retracement following a usual pattern. If the price drops a bit more, we anticipate that the profit percentage will fall to the 70-76 range.
In bull markets, the highest profit percentage is seen in trades executed when the profit rate is between 70-76%. However, this is just a possibility.
In summary, the majority of Bitcoin investors are still in profit, which indicates that the bull market is continuing.
Written by XBTManager