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Bitcoin Unrealized Profit Ratio Reaches 80% – Still Far From Distribution Levels
The cryptocurrency market is currently experiencing a critical juncture as the Bitcoin Unrealized Profit Ratio reaches a staggering 80%. This metric, which measures the ratio of coins held in profit to those in loss, serves as an indicator for future price action. The current reading suggests that a substantial majority of holders are sitting on profits, yet still far from the extreme levels seen during major selling pressure.
The data indicates a significant accumulation phase is underway, with buyers consistently defending key support levels and failing to force a deeper correction. As long as Bitcoin maintains its upward momentum, it may continue to push toward new highs despite some cautionary signals.
According to CryptoQuant, the 30-day percentile of the Unrealized Profit/Loss (P/L) Ratio currently stands at an astonishing 80%. The metric highlights the growing divide between those who have yet to take profits and those holding onto gains.
Source: bitcoinist.com
