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80% of Bitcoin is now in a state of profit; here’s why this matters

Despite Bitcoin being down roughly 50 percent from its all-time highs, the vast majority of the benchmark cryptocurrency’s investors are profitable, with its immense climb from its March lows of $3,800 bolstering their profitability.

80% of Bitcoin is now in a state of profit; here’s why this matters

Photo by Volodymyr Hryshchenko on Unsplash

Despite Bitcoin being down roughly 50 percent from its all-time highs, the vast majority of the benchmark cryptocurrency’s investors are profitable, with its immense climb from its March lows of $3,800 bolstering their profitability.

This data offers some interesting insights into the state of the market surrounding the digital asset, and can also offer insight into whether or not BTC is truly on the cusp of entering a bull market.

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