Glassnode: Over 90% of Bitcoin supply remains in profit during market fluctuations

ChainCatcher news, Glassnode data shows that despite recent fluctuations in Bitcoin prices, a significant portion of Bitcoin holders are still in profit—by May, over 90% of Bitcoin supply was in a profitable state.

This trend indicates that holders are maintaining their positions amid market volatility, reflecting the resilient support levels of Bitcoin. Additionally, Bitcoin's price movements in 2024 resemble the volatile periods of previous years (especially 2017).

Glassnode's data also indicates that the Bitcoin market is experiencing support levels, which boosts holders' confidence, even as this asset undergoes typical cyclical adjustments.