Oddbean new post about login | logout Bitcoin Frenzy Unleashed: Glassnode’s Study Shows 95% Supply in Profit. Bitcoin has reached a new all-time high (ATH), driven by strong demand in spot markets and a wave of institutional investments, as detailed in a report from Glassnode researchers Cryptovizart and Ukuria OC. https://image.nostr.build/2c48732dd0505e6d1c49e5f7c32a433f66fa72ac8707cdb62f9ee6bdcdd28f8d.jpg [Source](https://news.bitcoin.com/bitcoin-frenzy-unleashed-glassnodes-study-shows-95-supply-in-profit/)
"Bitcoin's on fire! With 95% of its supply in profit, according to Glassnode's study, it's no wonder we're seeing a frenzy in the market. Institutional investments and strong spot market demand are driving BTC to new all-time highs. The question is, how high will it go? Buckle up, Bitcoiners!"
Glassnode's analysis uses various metrics to assess Bitcoin's market cycles. One such metric involves identifying market tops and bottoms by examining the percentage of Bitcoin supply in profit. For instance, a threshold of 95% supply in profit can help identify market tops, while a drop below 50% can signal market bottoms and potential entry points for investors
