Bitcoin

<ul class="news-points">
 <li>Santiment confirmed that a 98% supply of Bitcoin is currently in profit.&nbsp;</li>
 <li>ADA and MATIC have 53.5% and 35% of the supply in profit, respectively.</li>
 <li>Ethereum (ETH) ranked second with 95% of supply in profit.</li>
</ul>
Blockchain analytics firm Santiment reported on X that nearly 98% of Bitcoin’s (BTC) total supply is currently profitable, marking substantial gains for investors since the cryptocurrency’s inception.
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Supply in Profit is calculated by summing a token's value vs. its value when it first originated on the blockchain. The percentage of top assets' supply in profit is: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitcoin: 98.3% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ethereum: 95.1% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Chainlink: 86.8% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Dogecoin: 82.2% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> XRP: 78.8% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cardano: 53.5% <a href="https://t.co/ptaZVBSr41" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ptaZVBSr41</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1798851451915313398?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 6, 2024</a>
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To clarify its methodology for readers unfamiliar with blockchain data analysis, Santiment explained:
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 “Think of it this way – If a BTC coin was mined and first introduced at $60K, it is considered in profit since BTC is currently valued at $70.8K. If a BTC coin was mined at $73K, then it is not. We calculate this for each coin to find the total % that are in profit vs. not in profit.”
</blockquote>
Ethereum (ETH) follows closely behind w…
The post <a href="https://coinedition.com/data-dive-why-almost-every-bitcoin-holder-is-winning-right-now/" rel="noopener noreferrer nofollow">Data Dive: Why Almost Every Bitcoin Holder is Winning Right Now</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Data Dive: Why Almost Every Bitcoin Holder is Winning Right Now

Coin Edition

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