Update from Glassnode Bitcoin circulation

Written by Sushanth Kumar Reddy Kura | Published 2 years ago | 1 min read


Research and on-chain analytics firm Glassnode says 93 percent of circulating bitcoin has become profitable after the cryptoasset’s price breakout above $11,000.
According to an update published July 28, BTC’s breakout above $11,000 lead to a sharp increase in the amount of circulating supply in profit.

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Glassnode found 93% of BTC in circulation to be profitable, reaching its highest level in over a year.

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