Bitcoin’s Profit Structure Is Still Weak And the Market Knows It

According to data shared by CryptoQuant, Bitcoin’s current market structure lacks one key ingredient for a durable bullish phase: a sufficiently high share of holders sitting on profits. Profitability across the supply is not a threat by default. In fact, markets tend to function best when most participants are comfortably in profit source: https://www.ethnews.com/bitcoins-profit-structure-is-still-weak-and-the-market-knows-it/