Bitcoin Profitability Reaches 99% as Market Enthusiasm Grows

According to BlockBeats, CryptoQuant has reported that 99% of Bitcoin UTXOs are currently in a profitable state, suggesting a potential surge in market enthusiasm. Analyst Darkfost_Coc noted that if this 99% signal decreases, it could lead to a reduction in unrealized profits. This scenario might trigger more profit-taking and compel latecomers to sell at a loss.