Analyst Darkfost's estimate puts less than 45% of Bitcoin (BTC) supply in profit after excluding coins that have not moved in more than 10 years. That leaves a larger share of the adjusted supply at a loss than at a profit.
Most coins unmoved for more than a decade are treated as illiquid, so the estimate focuses on the remaining supply.
Darkfost's analysis associates readings below 40% with lows during market pullbacks. It also points to greater reversal risk when the share approaches 100%.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
