Bitcoin (BTC) Supply In Profit Remains High, Bullish On-Chain Data Emerge

Bitcoin (BTC) price has risen 8% since the Federal Reserve announced its 50 basis-point rate cut. This spike has influenced the “supply in profit” metric, suggesting Bitcoin’s potential for further gains. The “supply in profit” metric describes the percentage of Bitcoin’s circulating supply purchased at a price lower than the current market value. Data Evidence […] source: https://www.thecoinrepublic.com/2024/09/30/bitcoin-btc-supply-in-profit-remains-high-bullish-on-chain-data-emerge/