Crypto Trends
Bitcoin supply in profit and loss has diverged, potentially marking a bottom in cycle ⋅ Crypto World Echo
Tag : CryptoSlate
Definition
- The circulating supply in profit, i.e., the amount of coins, the price of which at the time they last moved, was lower than the current price.
- The circulating supply in loss, i.e., the amount of coins, the price of which at the time they last moved, was higher than the current price.
Quick Take
- Each time Supply in profit/Loss has converged marked a Bitcoin bottom in each cycle, highlighted by the green box.
- Bitcoin bottoms in the cycle can be seen in 2011, 2015, 2019, 2020, and 2022, marked by the pink arrow.
- Roughly 12.5m Bitcoin is sitting in profit, the most since March ’22, just before the collapse of Luna.
The post Bitcoin supply in profit and loss has diverged, potentially marking a bottom in cycle appeared first on CryptoSlate.
I detected you have an ad blocker installed in your browser. Advertising is a way of earning a small compensation for the work I put in to create this site.
If you like my site and appreciate my efforts to create an informative site, would you consider buying me a coffee? I would greatly appreciate it 🙂
