Bitfinex: 71.3% of Bitcoin Supply in Profit, 75% Needed for Bull Market
- —Bitcoin supply in profit stands at 71.3%, per Bitfinex
- —Historical bull-market threshold is 75% or higher
- —Reclaiming $85,000 is needed to sustain bullish momentum
Why it matters: The 75% threshold and a move back above $85,000 would mark a phase shift for holders and traders.
Source: Coinfomania