13% of BTC supply returns to profit as Bitcoin sees ‘massive’ accumulation By Cointelegraph

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© Reuters.

(BTC) hodlers are returning to profit as new data hints the BTC price has put in the “foundation” of a macro bottom.

The latest figures from on-chain analytics firm Glassnode shows a large swathe of the BTC supply heading “into the black” as passed $18,000.

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Bitcoin % supply in profit annotated chart. Source: Glassnode/ Twitter