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Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price

A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price
A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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Read More: Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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