Crypto analytics firm Santiment reports that three of the largest cryptocurrency networks by market capitalization are currently monetizing more than 80% of existing supply.
The Total Profit Supply indicator measures the percentage of coins that are currently making a profit compared to the last time they moved, and is sometimes correlated with price trends.
According to Santiment, Bitcoin (BTC), Ethereum (ETH), and . region.
st tly Called The asset last reached this level in March 2022.
“Bitcoin (83%), Ethereum (84%), and “I’m doing it.”
Santiment said cryptocurrency prices could still rise due to positive developments in the industry, including the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. This is an indicator for crypto assets.
“Cryptocurrencies could still rise due to greater exposure from ETFs and other positive news. However, a good sign to watch, ideally indicating continued long-term growth, is once again a breach of less than 75% of profit supply.”
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