Bitcoin Surpasses $117K: Over 95% of Supply Now Profitable

Bitcoin has surged past the $117,000 mark for the first time ever, and with this price breakthrough, over 95% of circulating BTC is now in profit. This on-chain indicator reflects strong investor sentiment and points towards a bullish market environment. Data from Glassnode suggests that most investors acquired their Bitcoin at previously lower prices, leading to significant gains as the asset price surges.