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Data: 88% of Bitcoin supply is profitable "

According to online reports, Glassnode data shows that 88% of Bitcoin supply is currently profitable, and losses are mainly concentrated among buyers in the range of US$95,000 to US$100,000. This high profitability rebounded from a long-term average of 75%, indicating that investors 'expectations are being reset. Bitcoin prices have rebounded from their long-term cumulative average profit percentage, marking a significant shift. Previously, in August 2024, Bitcoin retested its 75% average at around $60,000. This suggests that a price range of $75,000 to $95,000 may represent a bottom, consistent with structural market conditions observed in the third quarter of 2024.

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