The share of $BTC profitable supply still exceeds 81%
CryptoQuant provided data according to which the June Bitcoin drawdown had a tangible impact on investors who entered the crypto at the beginning of 2024.
The share of profitable $BTC supply has shrunk to 81.16%, while 18.84% of wallets are in a losing position.
Most Bitcoin holders are still in the plus side, but the share of unprofitable addresses has been increasing recently.
Analysts believe that when the $BTC price drops below $60,000, the share of profitable Bitcoin supply will drop to 70% - 76%.
Analysts from IntoTheBlock have noticed activity from the whales. The volume of transactions for amounts of $100,000 and above reached $77.24 billion in 24 hours.
The activity of Whales is one of the factors that stimulated the rebound of the crypto
