This indicator shows the percentage of the total supply of #Bitcoin
that is in profit.
Currently, only 45% is in profit, while 55% is in losses.
Simple example:
Out of every 100 BTC that the market or people bought:
- 55 BTC are in losses
- Only 45 BTC are in profit.
Of that 45% that is in profit, 3 main types of buyers can be identified:
1. Those who bought in previous cycles (long-term holders).
2. Those who bought in the floor area of the previous cycle.
3. Those who do DCA (Dollar Cost Averaging) with a track record of more than 1 cycle.
Note: It is interpreted as follows:
- Losses from 50% to 55% -> Early capitulation zone.
- Losses greater than 55% -> Strong capitulation → usually marks cycle bottoms.
- Losses greater than 60% -> Extreme capitulation (rare).
Historical bottoms: 2018 and 2022.
$BTC
that is in profit.
Currently, only 45% is in profit, while 55% is in losses.
Simple example:
Out of every 100 BTC that the market or people bought:
- 55 BTC are in losses
- Only 45 BTC are in profit.
Of that 45% that is in profit, 3 main types of buyers can be identified:
1. Those who bought in previous cycles (long-term holders).
2. Those who bought in the floor area of the previous cycle.
3. Those who do DCA (Dollar Cost Averaging) with a track record of more than 1 cycle.
Note: It is interpreted as follows:
- Losses from 50% to 55% -> Early capitulation zone.
- Losses greater than 55% -> Strong capitulation → usually marks cycle bottoms.
- Losses greater than 60% -> Extreme capitulation (rare).
Historical bottoms: 2018 and 2022.
$BTC