#USHouseMarketStructureDraft
According to the latest data from Glassnode, currently 88% of the total circulating bitcoins are in profit. This means that nearly nine out of ten coins owned by investors were acquired at prices lower than the current market value.
Such a high percentage of profitable supply reflects strong bullish sentiment in the market. Historically, if this indicator remains elevated for an extended period, confidence grows across the market and trust strengthens, which reduces volatility