💵💵💴💵💴Over 83.6% of the #Bitcoin circulating supply are in profit, being the highest level since November 2021 (near the ATH)
According to the data shared by @glassnode , more than 16.366 million #BTC are currently in profit.
With the recent price rally, the volume of coins in profit has reached the levels that last was seen 2 years ago as the market came off the Nov 2021 ATH. However, the magnitude of unrealized profit held within these coins remains modest, and thus far insufficient to motivate long-term holders to lock in profits.