Bull run indications: 79% of Bitcoin’s circulating supply in profit 
Quick Take
The current profit rate for Bitcoin’s circulating supply signals a healthy outlook for the cryptocurrency’s future. With 15,079,000 coins – approximately 79% of the circulating supply – now worth more than when they last moved, Bitcoin investors are witnessing substantial profitability.
The percentage of supply in profit is a crucial indicator of the cryptocurrency’s cyclical highs and lows. Each cycle’s lower limit typically sees less than 50% of the supply in profit, while cycle peaks are characterized by close to 100% of the supply in profit.
With Bitcoin trading above $30,000, many investors are in a profitable position. This healthy scenario signifies that the ongoing run has room for further growth and the market is not overheated. The substantial percentage of the supply in profit suggests a potential for sustained upward movement in Bitcoin’s price cycle.
Investors are encouraged to keep a close eye on this key metric, as it offers valuable insights into the current health of the Bitcoin market and potential future trends.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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