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Crypto

BTC Supply Reversal: 57.5% Now Profitable Amidst Price Recovery

Guavy AI Editorial Team
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BTC
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A recent analysis by BitRss suggests that Bitcoin's recovery may be gaining momentum as 57.5% of its total supply has returned to profitability.

This marks a significant milestone in the cryptocurrency's price action, potentially indicating an end to the bear market that has plagued it for some time.

The analysis looks at the percentage of Bitcoin's total supply that is currently profitable based on current prices. With 57.5% of its supply back in the green, this could signal a shift towards a more bullish trend for the cryptocurrency.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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