Glassnode reports that despite recent market declines, more than 90% of Bitcoin supply remains in profit, with most losses concentrated among top buyers, highlighting a different market dynamic than previous crashes.
According to Glassnode, over 90% of Bitcoin’s supply remains profitable, even amid recent market sell-offs. This stands in contrast to the profitability levels during the FTX and Luna collapses, with the current decline attributed to a leverage-driven event, affecting top buyers more heavily.