Data: Over 16.366 million BTC are in profit, accounting for 83.6% of the circulating supply

ChainCatcher message, according to the on-chain weekly report released by Glassnode, as market trading reaches a yearly high, over 16.366 million BTC (equivalent to 83.6% of the circulating supply) are in profit, marking the highest level since November 2021 (close to the all-time high).

However, when measured by the difference between the spot price and the cost basis of the coins, the scale of unrealized profits held in these coins remains moderate. The level of unrealized profits held by investors has not yet been sufficient to incentivize long-term holders to sell, thus keeping the total supply relatively tight.