Bitcoin Profitability Soars Above 99%

New data from CryptoQuant reveals that an impressive 99% of Bitcoin’s available supply is currently in profit, indicating a surge in market sentiment and potential price momentum. Analyst Darkfost_Coc emphasizes the significance of this indicator, stating that a decline in this percentage could lead to a decrease in unrealized profits. This trend might prompt more investors to take profits and sell at potentially lower prices, particularly for those who entered late.