Bitcoin Sets $124K ATH, Holders Show Strong Conviction

Bitcoin has surged to a fresh all-time high of $124,457 on Thursday, marking a milestone in the world’s largest crypto’s 17-year history. The rally comes just weeks after BTC was trading nearly 10% below current levels during July’s pullback. Glassnode data shows that 99% of BTC supply is now in profit, a level that remained as high as 95% even during last month’s correction.  https://twitter.com/glassnode/status/1955919575427768502 Typically, when 99% of supply is in profit and holders aren’t selling, it shows strong conviction that can sustain higher prices. Even during July’s pullback, the share of Bitcoin supply in profit never dropped

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