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Bitcoin Unrealized Profit Ratio Reaches 80% – Still Far From Distribution Levels
As Bitcoin’s price action has been characterized by its resilience and steady growth over the past two months, several key on-chain metrics have emerged to support the bullish narrative. One such metric that bears emphasis is the 30-day percentile of the Unrealized Profit/Loss (P/L) Ratio, which now stands at an astonishing 80%.
Source: bitcoinist.com
