Bitcoin

<ul class="news-points"> 
 <li><strong>According to Bitcoin investor PlanB, 87% of all Bitcoins are in profit.</strong></li> 
 <li><strong>Glassnode’s data shows the current profit ratio for Bitcoin holders is the highest the industry has experienced since November 2021.</strong></li> 
 <li><strong>Glassnode noted that despite the high ratio of Bitcoins in profit, the magnitude of unrealized profit held within these coins remains modest.</strong></li> 
</ul> 
<p>According to PlanB, a renowned Bitcoin investor and creator of the Stock-to-Flow (S2F) model, 87% of all Bitcoins are in profit. He noted this in a post on X (formerly Twitter), which he made in the late hours of Wednesday, November 22, while Bitcoin traded around $37,500, according to data from TradingView.</p> 
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   <p lang="en" dir="ltr">87% of all bitcoin is in profit (yellow)<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/3g1337bQh8" target="_blank" rel="nofollow">pic.twitter.com/3g1337bQh8</a></p>— PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1727451084703109353?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 22, 2023</a>
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<p>PlanB’s post contained a chart that used different colors to show the percentage of Bitcoins in profit beginning in the early days of the flagship cryptocurrency. It shows a notable improvement on the <a href="https://insights.glassnode.com/the-week-onchain-week-47-2023/#:~:text=As%20the%20market%20trades%20at,coins%20cost%20basis%2C%20remains%20modest." target="_blank" rel="nofollow">data released by Glassnode</a> about three days ago, showing that 83.6% of the Bitcoin supply was held in profit.</p> 
<p>According to Glassnode’s recent report, the current profit ratio for Bitcoin holders…</p>
<p>The post <a href="https://coinedition.com/bitcoin-investor-says-87-of-all-bitcoins-are-in-profit/">Bitcoin Investor Says 87% Of All Bitcoins Are in Profit</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Investor Says 87% Of All Bitcoins Are in Profit

Coin Edition

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