CryptoQuant analyst: Most bitcoin holders are in a profitable position, and the price still has room to rise further

CryptoQuant analyst Axel Adler Jr said in a post that the current 30-day unrealized P/L Ratio of Bitcoin is at the 80% level. This indicator shows that the ratio of profitable coins to losing coins is significantly higher than usual, and most bitcoin holders are profitable.
Analysts pointed out that since the indicator has not yet reached the extreme range of 90-100%, this means that the bitcoin price still has room to rise further before holders start actively selling. This data provides market participants with an important reference information on the current profitability of bitcoin holders.