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CryptoQuant Analyst: Most Bitcoin holders are in profit, and its price still has further pump potential.
Golden Finance reported that CryptoQuant analyst Axel Adler Jr stated that the current 30-day unrealized P/L Ratio of Bitcoin is at the 80th percentile level. This indicator shows that the ratio of the amount of coins in profit to the amount of coins in loss is significantly higher than usual, with most Bitcoin holders being in a profitable state. Analysts point out that since the indicator has not yet reached the extreme range of 90-100%, this means that there is still room for Bitcoin’s price to rise further before holders begin to actively sell. This data provides market participants with important reference information regarding the current profitability status of Bitcoin holders.