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Crypto Holders Sit in Massive Gains as Percent of Supply in Profit Soars
- The “Percent of Total Supply in Profit” indicator shows that a lot of top cryptocurrencies are seeing a historically high amount of profit among holders.
- Bitcoin, Ethereum, Litecoin, Chainlink, Ripple, Polkadot, Cardano, and Solana have high percentages of holders in profit.
- Bitcoin has 98.4% of its supply in profit, while XRP follows closely with 98.3% despite regulatory challenges.
- Chainlink, Dogecoin, Ethereum, and Cardano also show substantial levels of profit among holders.
- The metric reflects strong market performance but could also indicate a potential correction.
- When most of a coin’s supply is losing money, it can signal market pessimism and present buying opportunities.
- Analyzing indicators like Percent of Supply in Profit along with others offers insights into market sentiment.
- High profits for holders of major cryptocurrencies hint at upward momentum but also caution against potential market resets.
- The current positive sentiment in the market raises questions about sustainability and possible profit-taking strategies.
- Investors are advised to conduct thorough research before making decisions in the cryptocurrency space.
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