Bitcoin: 99% of BTC Supply Currently in Profit

According to recent data from Glassnode, a remarkable 99% of the Bitcoin (BTC) supply is currently in a state of profit. This indicates that the vast majority of Bitcoin holders are sitting on unrealized gains, even after accounting for previous purchases. This high percentage highlights the resilience of Bitcoin and the continued accumulation by investors. Notably, during the price correction in July, the percentage of the BTC supply in profit only dipped to around 95%, demonstrating strong holding behavior and suggesting that investors view dips as buying opportunities. Glassnode's analysis suggests that investors are "continuing to buy," reinforcing Bitcoin's position as a store of value and a potentially profitable investment. The large percentage in profit also reduces the likelihood of mass selling, potentially contributing to price stability. ```