Ethereum

Bitcoin

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 <p>Crypto analytics firm Santiment says that three of the largest crypto networks by market cap now have more than 80% of their existing supplies in profit.</p>
 <p>The Total Supply in Profit metric measures what percentage of coins are currently in profit compared to the last time they moved, and sometimes correlates with price trends.</p>
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 <p>According to Santiment, Bitcoin (BTC), Ethereum (ETH) and XRP have 83%, 84% and 81% of their supplies in profit, surpassing their average that range between 55% and 75% and placing these coins in high-risk profit territory.</p>
 <p>Santiment says the assets last hit this level in March 2022.</p>
 <p><em>“Bitcoin (83%), Ethereum (84%), and XRP Ledger (81%) have their respective supplies in historically high risk profit levels compared to their averages that hover in the 55%-75% range dating back to 2018.”</em></p>
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   Source: Santiment/X
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 <p>Santiment says cryptocurrency prices can still go up because of positive developments in the industry, including the approval of a spot Bitcoin exchange-traded fund (ETF) in the US, but the firm says a lower percentage of the supplies in profit would be a bullish indicator for the crypto assets.</p>
 <p><em>“Crypto can absolutely still climb due to more exposure from ETFs and other positive news. But ideally, a great signal to watch that would imply continued long-term growth would be a breach below 75% of their supplies in profit once again.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-ethereum-and-xrp-sitting-at-high-risk-profit-levels-warns-crypto-analytics-firm-santiment-tbt77151.html">https://thebittimes.com/bitcoin-ethereum-and-xrp-sitting-at-high-risk-profit-levels-warns-crypto-analytics-firm-santiment-tbt77151.html</a></p>

Bitcoin, Ethereum and XRP Sitting at ‘High-Risk’ Profit Levels, Warns Crypto Analytics Firm Santiment

TheBitTimes

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