CryptoQuant analyst: Most Bitcoin holders are profitable and there is still room for further price increases "
According to online reports, CryptoQuant analyst Axel Adler Jr issued a statement saying that Bitcoin's 30-day unrealized P/L Ratio is currently at the 80% level. This indicator shows that the ratio of currently profitable coins to losing coins is significantly higher than usual, and most Bitcoin holders are profitable. Analysts pointed out that since the indicator has not yet reached the extreme range of 90-100%, this means that there is still room for further increase in Bitcoin prices before currency holders start actively selling. This data provides market participants with important reference information on the current profitability of Bitcoin holders.
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