Coin Edition -
- According to Bitcoin investor PlanB, 87% of all Bitcoins are in profit.
- Glassnode’s data shows the current profit ratio for Bitcoin holders is the highest the industry has experienced since November 2021.
- Glassnode noted that despite the high ratio of Bitcoins in profit, the magnitude of unrealized profit held within these coins remains modest.
According to PlanB, a renowned Bitcoin investor and creator of the Stock-to-Flow (S2F) model, 87% of all Bitcoins are in profit. He noted this in a post on X (formerly Twitter), which he made in the late hours of Wednesday, November 22, while Bitcoin traded around $37,500, according to data from TradingView.
87% of all bitcoin is in profit (yellow)