Bitcoin Supply Soars: 25% of Supply Held Between $15.5k and $23k

• Bitcoin is rallying after the collapse of FTX, with 25% of its supply held between $15.5k and $23k.
• UTXO Realized Price Distribution (URPD) shows that up to 20% of all Bitcoin supply is in high profit, from $686 to $15,000.
• Less than 1% of all supply is between $24,000 and $26,000. The majority of the Bitcoin supply is sitting at a loss.

Bitcoin Rally After FTX Collapse

Bitcoin has seen a surge in price after the collapse of FTX exchange with 25% of its supply held between $15.5k and $23k.

UTXO Realized Price Distribution

UTXO Realized Price Distribution (URPD) shows that up to 20% of all Bitcoin supply is currently in high profit positions ranging from prices as low as $686 to as high as $15,000. There is less than 1% of all Bitcoin held between prices levels of 24K-26K while most other coins remain at a loss position.

James Van Straten’s Take

James Van Straten, research analyst at CryptoSlate believes that this rally may be indicative of long-term growth for bitcoin given its current market capitalization and volume figures across exchanges globally. He also finds it notable that only a small portion (less than 1%) are found between price levels above 24K as this could mean further upside potential if more investors continue to buy into BTC now instead of waiting for higher prices later on down the line.

Token Unlocks

CryptoSlate looked at the data surrounding token unlocks to see how they affect the market and found short-term volatility can bring long-term growth when done correctly. In particular token unlocks can increase liquidity which opens up new possibilities for trading strategies and asset class diversification overall making them beneficial tools when used responsibly by investors who understand their implications fully before investing any funds into them or using them within their portfolios/strategies etc..

Disclaimer

CryptoSlate takes no responsibility should you lose money trading cryptocurrencies, so it’s always important to do your own due diligence before taking any action related to content within this article or elsewhere on the platform itself..