Bitcoin’s Supply In Profit Is Nearing a 2-Month Low: Will BTC Drop to $110,000?
Bitcoin has struggled to maintain its upward momentum since reaching a new all-time high of $122,054 on July 14. At press time, the leading cryptocurrency trades around the $113,000 price level, marking a nearly 7.4% decline over the past 19 days. Due to this pullback, the percentage of BTC’s supply in profit has declined, signaling…
