Bitcoin's Profitability Woes: Only 51% of Supply in Profit
The current state of Bitcoin's profitability is cause for concern as only 51% of its supply remains in profit. This means that nearly half of all coins are held near or below their acquisition prices, which can increase selling pressure and push more holders into unrealized losses.
A decline towards $62,000 may weaken confidence across the wider crypto market, particularly if it exposes more holders to unrealized losses and increases exchange deposits. The fixed supply and institutional market of Bitcoin remain intact, but ETF demand, public treasuries, and whale accumulation can rebuild support.
AlphaPepe, on the other hand, offers a cleaner insider structure with zero team allocation, no VC vesting schedules, and 400M tokens locked onchain. This transparency may improve the token's performance after launch, but it remains to be seen how public liquidity and recurring usage will determine its success.