Bitcoin on-chain metric nears bear-to-bull transition level
TradingView News says Bitfinex data shows more than 71% of Bitcoin’s circulating supply is in unrealized profit, approaching the zone that has historically marked a shift from bearish to major bull runs since 2012.
A key Bitcoin on-chain metric is nearing a level that has preceded every major bull market since 2012. More than 71% of Bitcoin's circulating supply is currently in unrealized profit, according to Bitfinex, moving toward the zone that has historically marked the shift from bearish conditions.