From Investing.com:

Santiment, an on-chain analytics firm, reports that Bitcoin, Ethereum, and XRP have over 80% of their supplies in profit. This trend has not been observed since March 2022. The “Total Supply in Profit” metric gauges the total supply on a network’s profitability. BTC, ETH, and XRP are at historically high-risk profit levels, raising concerns for investors. This signifies a potential shift in the crypto market and is a signal to watch for continued long-term growth.



Read more: XRP, BTC, ETH Show Surprising Profitability Trend, Biggest Signal to Watch By U.Today