93% of BTC in circulation has become profitable after the asset broke above $11,000, as per Glassnode. Despite the pressure to sell, BTC miners appear to be holding their coins. Research and analytics firm Glassnode has said that 93% of Bitcoin in circulation has become profitable after the coin’s price moved beyond the $11,000 mark. After Bitcoin broke above $10,000, the currency’s GNI score reached one of its highest points in 2020, leading Glassnode to determine that Bitcoin is “pushing deeper into the bullish regime.” GNI is an aggregate of on-chain metrics and market factors. BTC miners appear to be holding their assets through the price spike despite the rising pressure to sell, according to a recent edition of Glassnode’s On-chain report. The report concluded that miner behavior suggests an “underlying confidence” in Bitcoin’s fundamentals, contributing to its bullish outlook. You can read our latest BTC/USD price prediction report here. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Paxful exchange witnesses a 350% rise in Russia users FX Street 3 years 93% of BTC in circulation has become profitable after the asset broke above $11,000, as per Glassnode. Despite the pressure to sell, BTC miners appear to be holding their coins. Research and analytics firm Glassnode has said that 93% of Bitcoin in circulation has become profitable after the coin’s price moved beyond the $11,000 mark. After Bitcoin broke above $10,000, the currency’s GNI score reached one of its highest points in 2020, leading Glassnode to determine that Bitcoin is “pushing deeper into the bullish regime.” GNI is an aggregate of on-chain metrics and market factors. BTC miners appear to be… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
