Bitcoin's Unprofitable Supply Remains High Amid Recent Price Surge

Bitcoin's recent price surge has led some to believe that the cryptocurrency is fully recovered from its downturn. However, a closer look at the data reveals that only about 45% of Bitcoin's supply is currently profitable.

This means that nearly half of all BTC holders are still in the red, with many having invested during the bull run in 2017 and early 2018. While some analysts argue that this could be a sign of resilience, others caution that it may not necessarily indicate a full recovery just yet.

According to data from various sources, including BitRss's own research, around 55% of Bitcoin's supply is currently profitable. However, this figure does not take into account the amount of BTC that has been lost or is currently locked in exchanges and wallets.