PlanB, the prominent analyst renowned for the Stock-to-Flow model in Bitcoin, has recently taken to Twitter to share positive news regarding the leading cryptocurrency, BTC.

The Majority of Bitcoin in Profit, with Further Upside Expected: PlanB

PlanB posted a BTC chart indicating that 90% of all Bitcoin is currently in profit, marking the highest figure since Bitcoin's record high of $69,000 in mid-November 2021.

In a linked YouTube video, PlanB provided a detailed analysis of this development. The chart showcases orange dots, representing that 90% of all mined Bitcoins are profitable.

PlanB explained that red dots will appear on the chart when 100% of Bitcoin becomes profitable, consistently following the current orange dots. The analyst anticipates the profitability not to drop to 60% (indicated by yellow dots on the chart) since this metric must first hit the "red" level of profitability. Currently, PlanB noted, only those who bought Bitcoin at the peak price in 2021 are experiencing losses, while all other BTC holders are in profit.

This milestone is likely to be attained following the upcoming Bitcoin halving event in mid-April this year, marking the fourth halving in Bitcoin's history. Reviewing the chart, it's evident that Bitcoin reached the "red" level in previous instances, notably in 2021 after the ATH post-2020 halving. Similar levels were briefly touched upon in 2019 and 2018 following the $20,000 ATH reached in December 201

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