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Title: Bitcoin’s Supply in Profit Drops to 88%, Market Health Remains Strong Despite Recent Pullback
In a recent insight, CryptoSlate has discovered that the percentage of Bitcoin’s (BTC) supply in profit has dropped to an unprecedented level of 88%. While this may have caused some to panic and worry about the future of the market, it is important to consider the historical context of such data.
Historically, a high proportion of the total supply being in profit, exceeding 80%, has consistently indicated strong overall market health. In fact, similar events in the past have been a precursor to massive price increases.
Source: cryptoslate.com
